Remedial matters
Tax credit for redundancy payments
Remedial amendments have been made to the Income Tax Act 2007 and the Tax Administration Act 1994 to ensure that the policy intention reflected in the Income Tax Act 2004 is reflected in the 2007 Act and that terminology changes in the 2007 Act are reflected in the Tax Administration Act 1994.
Amendments to the portfolio investment entity rules
A number of remedial amendments have been made to the tax rules for portfolio investment entities (PIEs). These amendments ensure that the rules achieve their intended policy effect.
Amendments to the offshore portfolio share investment rules
A number of remedial amendments have been made to the tax rules for offshore portfolio investment in shares. These amendments ensure that the new rules achieve their intended policy effect.
Remedial amendments to the research and development tax credit
Remedial amendments have been made to the research and development tax credits for the 2008–09 income year. The amendments clarify the policy intention of the tax credit and make some technical changes to the administration of the tax credit.
KiwiSaver
A number of remedial amendments have been made to the KiwiSaver legislation. These amendments ensure that the KiwiSaver rules achieve their intended policy effect.
Changes to the depreciation rules
A number of technical changes to the tax depreciation provisions have been made to deal with administrative concerns and to clarify the law. The changes are consistent with the original policy intent of the tax depreciation rules.
Technical amendments to the partnership rules
Several remedial amendments have been made to the tax rules for partnerships to correct several technical problems with the general partnership legislation, particularly for primary sector partnerships.
Rewrite amendments
The amending Act includes a number of remedial changes to the Income Tax Act 2007, at the recommendation of the Rewrite Advisory Panel.
Miscellaneous technical amendments
Threshold for attribution of personal services income.
Date published: 15 Jul 2010
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