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Business income tax
Te take whiwhinga pakihi

Environmental expenditure

Changes have been made to ensure that all business operating costs, including those for dealing with environmental issue, are taken into consideration in calculating taxable income, and that the timing of such deductions is appropriate.

Deduction rates for environmental expenditure

This section explains default expenditure categories and deduction rates, application dates, default expenditure categories and amortisation rates, other changes and category-specific deduction rates.

Environmental restoration account scheme

Some business activities cause environmental damage when they discharge a contaminant. The business must later restore this damage. The environmental restoration account (ERA) scheme allows businesses to set money aside to cover their monitoring or restoration costs to do this.

Clarifying the meaning of "industrial waste"

Explaining what is meant by "industrial waste".

 

 


Date published: 09 Dec 2005

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