Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020

221 Section 120KB amended (Provisional tax instalments and due dates generally)

(1)

In section 120KB(2), replace “section RC 9 of the Income Tax Act 2007” with “section RC 9 of the Income Tax Act 2007, but using only the current year residual income tax for the item residual income tax in section RC 10”.

(2)

Subsection (1) applies for the 2017–18 and later income years.