Duties Act evidentiary requirements: Section 153

View complete list of evidentiary requirements.

Relevant evidentiary requirements must be provided when lodgements are made for assessment of duty.

Sec 153

When must duty be paid?

A tax default occurs if duty is not paid within 3 months after the liability to pay the duty arose under sec 148. A tax default results in imposition of interest and penalty tax.

Note:

See CPN 024: Interest and penalty tax guidelines
Section 21(1) of the Tax Administration Act 1996 provides that if a tax default occurs, a taxpayer is liable to pay interest on the amount of tax unpaid calculated on a daily basis from the end of the last day of payment until the day it is paid

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Duties Act evidentiary requirements: Section 154