Keeping books and accounts
44 Keeping books and accounts
An employer who is registered or required to apply for registration must keep —
the records that are prescribed in the regulations for the purposes of this section (if any); and
any other records necessary to enable the Commissioner to determine the employer’s liability to pay pay‑roll tax.
Penalty: a fine of $20 000.
Despite section 87 of the Taxation Administration Act 2003, the employer must retain the records for at least 5 years, or for any greater period that is prescribed, after the completion of the transactions to which they relate.
Penalty: a fine of $20 000.
[Section 44 amended: No. 15 of 2010 s. 19.]
This provision refers to the regulations (prescribed in the regulations
). Made under this Act:
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