Vol 2 No 2
Issued
01 Aug 1990

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  • Section 129 Interest Clawback Repealed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  • Section 188A $10,000 Loss Limitation Repealed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