TIB - August 1990

Budget changes

• Living Alone Payments
• Donations and School Fees Rebate
• Additional Bloodstock Expenses now Allowable
• "Test Period" Motor Vehicle Log Books
• Section 129 Interest Clawback Repealed
• Gifts of Money by Public Companies
• Designation of Income Equalisation Deposits
• Section 188A $10,000 Loss Limitation Repealed
• Maori Authority Income
• Threshold Increase for PAYE and SSCWT Twice-Monthly Payments
• Income Tax Payment and Provisional Tax Changes
• Retirement Tax Rates
• Consequential Amendment to Accident Compensation Act
• Aligning of GST Taxable Periods with Income Tax Balance Dates
• Change of Due Date for Payment of GST
• GST Threshold Levels -
• Payments Basis Threshold
• Invoice Thresholds
• Registration Threshold
• Land Tax Abolition Act 1990
• Taxation Reform Bill
• Budget Announcements

Other important issues

• Late IR 5 Returns
• Income Tax (Withholding Payments) Regulations 1990 - Aircraft and Shipping Operators
• Accruals Contact People soon to be Available
• Depreciation Increase for Supermarket Trolleys