IR3NR Question 34 Notice of assessment and declaration

You must read the declaration and sign the return as being true and correct.

Self-assessment by taxpayers

Taxpayers are required to assess their own liability as part of meeting their return filing obligations. Inland Revenue may amend your assessment if a correction is required.

If you dispute our assessment please go to www.ird.govt.nz/disputes for more information. The four-month period for you to issue a notice of proposed adjustment (NOPA) to your self-assessment will start on the date Inland Revenue receives your return.

Are there any penalties?

You may face penalties and prosecution if you:

• are required to put in a return but don’t

• give false or misleading information (including not showing all your income)

• leave out details on purpose so the information is misleading

• file your return late.