RWT on taxable Māori authority distributions
2009 amendment reduces RWT on taxable M?ori authority distributions where the authority does not have the recipient's tax number and distributions are above $200.
Schedule 1, part D, table 4 of the Income Tax Act 2007
The RWT rate that applies to a taxable Māori authority distribution where a Māori authority does not have the tax file number of the recipient and the distributions are more than $200 has been reduced from 39% to 38%. This reduction reflects the recent change to the highest marginal tax rate.
The amendment applies from 1 April 2010.