Taxation (Extension of COVID-19 Interest Remission) Order 2022

2022/70

Coat of Arms of New Zealand

Taxation (Extension of COVID-19 Interest Remission) Order 2022

Cindy Kiro, Governor-General

Order in Council

At Wellington this 14th day of March 2022

Present:
Her Excellency the Governor-General in Council

This order is made under section 183ABAB of the Tax Administration Act 1994—

(a)

on the advice and with the consent of the Executive Council; and

(b)

on the recommendation of the Minister of Revenue; and

(c)

within 24 months of the date on which section 183ABAB of that Act came into force.

Order

1 Title

This order is the Taxation (Extension of COVID-19 Interest Remission) Order 2022.

2 Commencement

This order comes into force on 25 March 2022.

3 Principal Act

This order amends the Tax Administration Act 1994.

4 Section 183ABAB amended (Remission of interest for taxpayers affected by COVID-19: general rules)

In section 183ABAB(3)(b), replace “24 months” with “4 years and 15 days”.

5 Revocation of this order

This order is revoked at the close of 30 June 2024.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force on 25 March 2022, extends the time limit for the Commissioner of Inland Revenue to remit interest for taxpayers affected by COVID-19 from 25 March 2022 to 8 April 2024.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 17 March 2022.

This order is administered by the Inland Revenue Department.