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Issued
2018

Volumes 61-70

Completed reviews of Public Information Bulletins vol 62-70 (1971 to 1972).

PIB Volume 62, July 1971
The following items have no current application and will not be republished:
Page 6 Depreciation - changes and new rates approved
Page 6 Companies mining specified minerals
Page 10 Payroll tax on private companies
Page 13 How your wife's earnings affect your tax
Page 15 Shares or share options to employees

 

PIB Volume 63, September 1971
The following items have no current application and will not be republished:
Page 3 Cost of conversion to metric measurements
Page 4 Small venture - "hobby" or "business"
Page 6 Increased exports incentive - more goods qualify
Page 6 Estate and gift duty - valuations of overseas securities
Page 7 Farm income equalisation - deposits from estates with life tenants
Page 8 Interest - basis of returning as income
Page 8 Depreciation changes - new rates approved
Page 9 Loose tools - allowance for renewal or replacement increased
Page 10 Company's liability for tax on premiums paid to foreign insurers
Page 10 Donations by companies

 

PIB Volume 64, October 1971
The following items have no current application and will not be republished:
Page 4 PAYE tax on bonuses
Page 5 Donations by companies
Page 9 Holiday workers - a special tax code evens out tax deductions
Page 10 Overseas dividends - are they taxable in NZ if they are exempt overseas
The following item is being reviewed:
Page 6 Setting up or moving a business - what costs may be allowed

 

PIB Volume 65, February 1972
This volume included commentary relating to the following legislation:
Page 3 Land and Income Tax (Annual) Act 1971
Page 4 Land and Income Tax Amendment Act 1971
Page 9 Estate and Gift Duties Amendment Act 1971
Page 10 Gaming Duties Act 1971
Page 11 Unclaimed Money Act 1971

 

PIB Volume 66, May 1972
The following items have no current application and will not be republished:
Page 6 Expenses you may claim
Page 11 Why wait till the end of the year?
Page 14 Help for the honest taxpayer

 

PIB Volume 67, May 1972
The following items have no current application and will not be republished:
Page 3 Land tax returns due 7 May
Page 4 Depreciation changes - new rates approved
Page 6 Donations by companies
Page 7 Legal and accounting fees allowable
Page 8 Superannuation funds - new investment requirements
Page 8 Farmers - increased deductions for wages paid to wives for cooking for farm employees
Page 9 Who completes the IR3 return of income
Page 11 Tips are taxable
Page 12 Beneficiaries in estates or trusts

 

PIB Volume 68, July 1972
The following items have no current application and will not be republished:
Page 13 Subscriptions to public relations firms now deductible
This volume included commentary relating to the following legislation:
Page 3 Land and Income Tax Amendment Act (No 2) 1972

 

PIB Volume 69, September 1972
This volume included commentary relating to the following legislation:
Page 2 Land and Income Tax Amendment Act 1972
Page 3 Land and Income Tax Amendment Act (No 2) 1972
Page 16 Land and Income Tax (Annual) Act 1972

 

PIB Volume 70, December 1972
The following items have no current application and will not be republished:
Page 3 Trading stocks - parts and accessories motor industry - basis for valuing
Page 6 Progressive write-down in standard values of livestock on new farms
Page 9 Dairy industry stabilisation regulations 1972 - when retained income is liable for tax
Page 10 Life insurance - premiums paid in advance when going overseas
Page 10 Increased export incentive - newsprint now qualifies
Page 12 Depreciation - new rates approved
The following item has been updated and republished:
Page 11 Staff insurance schemes, as QBs 17/06 Income tax: Insurance – key-person insurance policies , 17/10 Income tax and fringe benefit tax - insurance - group insurance policy taken out by employer for the benefit of an employee , 18/02 Income tax - insurance - term life insurance policy taken out by employee with employer paying the premiums on employee’s behalf , 18/03 Income tax - insurance - term life insurance policy taken out by employer for the benefit of an employee , 18/04 Income tax - insurance - personal sickness and accident insurance taken out by employee with employer paying the premiums on employee’s behalf  & 18/05 Income tax - insurance - personal sickness and accident insurance taken out by employer for the benefit of an employee