Common use of Section 34B Clause in Contracts

Section 34B. Section 34B(2) sets out who is eligible to be a tax agent, including the following. A person who prepares returns of income required to be completed and sent in for 10 or more taxpayers and is one of the following: • a practitioner carrying on a professional public practice, or • a person carrying on a business or occupation in which annual returns of income are prepared, or • the Mäori Trustee. Section 34B also: • requires the Commissioner to compile and maintain a list of tax agents • explains how to apply to be listed as a tax agent • allows the Commissioner to refuse to list someone as a tax agent, when listing the applicant as a tax agent would adversely affect the integrity of the tax system and/or the applicant is not entitled to make the application • allows the Commissioner to remove someone from the list of tax agents, when continuing to list the applicant as a tax agent would adversely affect the integrity of the tax system and/or the applicant is not eligible to be a tax agent • requires the Commissioner to collect the names of key people from tax agent organisations • requires the Commissioner to provide certain information before refusing to list a tax agent or removing them from the list • requires a tax agent entity to provide certain information to the Commissioner. Section 37(3) allows the Commissioner to give individual taxpayers an extension of time to file tax returns. This extension is decided on a case or class of cases basis to a date that the Commissioner thinks appropriate under the circumstances.