Shortfall penalty for taking an unacceptable tax position
This interpretation statement explains the meaning of “unacceptable tax position” in relation to the shortfall penalty for taking an unacceptable tax position in s 141B of the Tax Administration Act 1994.
Corrections
On 27 May 2026 2 minor corrections were made:
- Page 7 - a correction to s 141B(8) to accurately reflect the legislation at the date of issue
- Page 8 - additional of a new heading before [14].