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Legislation behind Amending Tax Returns

Standard Practice Statement (SPS) 20/03 outlines the practice of amending assessments. Under New Zealand's self-assessment regime, taxpayers sometimes adopt incorrect tax positions. Correcting these is a vital aspect of tax administration, as recognized by the Commissioner of Inland Revenue.

Key Legislative Provisions
TAA 1994, Section 22G
This section allows taxpayers to amend accounts for incorrect or missing information before the account is finalized.

TAA 1994, Section 113
After the terminal tax date, individuals can request the Commissioner to amend their final tax account for the year.

The following are some of the key terms  when interpreting these provisions, as defined in Section 22D of the Act:
Individual
Qualifying Individual
Reportable Income
Other Income
Pre-populated Account
Final Account

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