IS 26/03
Issued
27 Mar 2026
Shortfall penalties – requirements for a “tax position” and a “tax shortfall”
IS 26/03
Issued
27 Mar 2026
This interpretation statement explains the “tax position” and “tax shortfall” requirements common to the shortfall penalties in ss 141A to 141E of the Tax Administration Act 1994 (TAA).
There is separate guidance on each shortfall penalty, and reductions and other relevant matters.
Related Publications
| Title | Type | Date |
|---|---|---|
| Shortfall penalties – requirements for a “tax position” and a “tax shortfall” - fact sheet | Fact sheets | March 2026 |
| Shortfall penalty for not taking reasonable care | Interpretation statements | March 2026 |
| Shortfall penalty for taking an unacceptable tax position | Interpretation statements | March 2026 |
| Shortfall penalty for gross carelessness | Interpretation statements | March 2026 |
| Shortfall penalty for taking an abusive tax position | Interpretation statements | March 2026 |
| Shortfall penalty for evasion or a similar act | Interpretation statements | March 2026 |
| Shortfall penalties – reductions and other matters | Interpretation statements | March 2026 |
Shortfall penalties – requirements for a “tax position” and a “tax shortfall” - fact sheet
Type
Fact sheets
Date
March 2026
Shortfall penalty for taking an unacceptable tax position
Type
Interpretation statements
Date
March 2026