Remission of use-of-money interest for Canterbury earthquake victims
Order in Council 2010 covers remission of use-of-money interest payable on late tax payments 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