Revenue commissioner may require royalty estimate
327A Revenue commissioner may require royalty estimate
The revenue commissioner may, by notice given to a person who is liable to pay a royalty under section 320, require the person to give the revenue commissioner a royalty estimate for the person for a stated future period.
The royalty estimate must be a written return containing the information prescribed under a regulation about the estimated royalties payable by the person for the future period.
The person must give the royalty estimate—
in the way prescribed under a regulation; and
no later than the day stated in the notice for giving the royalty estimate.
This provision refers to the regulations (a regulation
). Made under this Act:
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