sec.30Time for payment of tax

sec.30 Time for payment of tax

Tax payable under a tax law must be paid— for a return self assessment—on the date the return for the self assessment is required to be lodged; or for a standard self assessment—by the date that is 14 days after the date the transaction statement for the self assessment is lodged; or for a default assessment made because of a failure to make a self assessment—on the date the assessment notice for the default assessment is given to the taxpayer; or for an amount of tax, payable under a royalty law, for which the royalty law provides a time for payment—by that time; or otherwise—by the date stated in the assessment notice as the date by which the tax must be paid. For subsection (1) (e) , the stated date must be at least 30 days after the assessment notice for the tax is given to the taxpayer. For a return self-assessment, assessed interest is payable on the day the assessment is made. s 30 amd 2009 No. 19 s 81 ; 2020 No. 30 s 117 (sec.30-ssec.1) Tax payable under a tax law must be paid— for a return self assessment—on the date the return for the self assessment is required to be lodged; or for a standard self assessment—by the date that is 14 days after the date the transaction statement for the self assessment is lodged; or for a default assessment made because of a failure to make a self assessment—on the date the assessment notice for the default assessment is given to the taxpayer; or for an amount of tax, payable under a royalty law, for which the royalty law provides a time for payment—by that time; or otherwise—by the date stated in the assessment notice as the date by which the tax must be paid. (sec.30-ssec.2) For subsection (1) (e) , the stated date must be at least 30 days after the assessment notice for the tax is given to the taxpayer. (sec.30-ssec.3) For a return self-assessment, assessed interest is payable on the day the assessment is made.

• (a) for a return self assessment—on the date the return for the self assessment is required to be lodged; or
• (b) for a standard self assessment—by the date that is 14 days after the date the transaction statement for the self assessment is lodged; or
• (c) for a default assessment made because of a failure to make a self assessment—on the date the assessment notice for the default assessment is given to the taxpayer; or
• (d) for an amount of tax, payable under a royalty law, for which the royalty law provides a time for payment—by that time; or
• (e) otherwise—by the date stated in the assessment notice as the date by which the tax must be paid.