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Inland Revenue

Tax Policy

Unintended drafting errors


(Matter raised by officials)

There are two unintended errors in the drafting.  These are:

  • proposed section MX 1(e) reads “the person has R&D expenditure relating to research or development”, which should read “the person has R&D expenditure”; and
  • the proposed definition of “intellectual property” in section YA 1 mentions “Part 11” rather than “Part II”.


These should be corrected.


That the submission be accepted.