Remission of use-of-money interest for Canterbury earthquake victims

The Canterbury earthquake has been declared an emergency event for the purposes of section 183ABA of the Tax Administration Act 1994. This section allows the Commissioner to remit use-of-money interest payable on late tax payments following emergency events.

Taxpayers may apply for remission once their tax returns and payments are up to date. Different rules apply in cases of financial hardship.

Tax Administration (Emergency Event-Canterbury Earthquake) Order 2010