Technical tax area: General articles
Notice - Income Tax Act 2007
The Income Tax Act 2007 passed through its final stages late October, receiving Royal assent on 1 November 2007. The new Act contains the rewritten Income Tax Act from Part F to the end of the Act, including Schedules. It also enacts and consolidates Parts A to E and renumbers various sections contained in those Parts. The resulting Income Tax Act 2007 will apply to income derived from the 2008-09 income year. An article outlining the main features of the Act will be published here early in 2008.
Other pages in: General articles
- Process for tax agents to obtain electronic authorities to act
- Notice - Income tax treatment of unsuccessful software development
- Review of Public Information Bulletins
- Changes to the disputes resolution process
- Making tax easier - Government consultation June 9 to 23 July 2010
- Guidance on a "reasonable daily travelling distance"
- Protocols between the Solicitor-General and Commissioner of Inland Revenue
- Panel statement RAP 002: Process for resolving potential unintended legislative changes in the Income Tax Act 2007
- Inland Revenue's Public Rulings Unit
- Secondhand goods input tax credits - marine farming licences and leases
- Statement on fringe benefit tax and motor vehicle multi-leases
- Subsidised transport provided by employers to employees - value for fringe benefit tax purposes
- New tax information exchange agreement with the Netherlands on behalf of the Netherlands Antilles
- The Commissioner's Table of Depreciation Rates
- The Adjudication Unit - its role in the dispute resolution process
- Removal of 5 cent coins from circulation - effect on GST tax invoices
- Summary of unintended legislative change submissions where Rewrite Advisory Panel considered there was no unintended legislative change
Date published: 30 Nov 2007
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