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Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Regulatory impact assessment
Published 13 September 2012

RIS Pack – Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill

Regulatory impact statements for the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill. September 2012.

The regulatory impact statements cover:

  1. Specified livestock elections (published in May 2012)
  2. Mixed-use assets
  3. Primary sector businesses: horticultural removal costs and non-depreciable property under the Income Tax Act 2007
  4. Mismatch in tax treatment of certain offshore assets and foreign currency hedges
  5. Clarification of dividend definition
  6. Time period for refunds under the Income Tax Act 2007
  7. Tax concessions for certain non-resident investment companies
  8. Local authorities’ change of accounting basis
  9. Voluntary Bonding Scheme payments and KiwiSaver requirements
  10. Business to business GST neutrality in relation to the cross-border supply of services