Miscellaneous technical amendments

Interpretation of tax treaties

A minor technical change has been made to clarify the relationship between domestic and treaty law.

Exclusion from attribution for telecommunications income of a CFC

The amendment, in broad terms, allows the exclusion to be used when a group of people has a common controlling interest - whether direct or indirect through a chain of companies - in both a network operator and a CFC.

Definition of "relative"

The Securities Act 1978 uses the definition of "relative" in the Income Tax Act 2007. The Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 amended the definition of "relative" in section YA 1 of the Income Tax Act 2007 so that, from 1 April 2010, it extends only to the second degree of blood relationship.

RWT on taxable Māori authority distributions

The RWT rate that applies to a taxable Māori authority distribution where a Māori authority does not have the tax file number of the recipient and the distributions are more than $200 has been reduced from 39% to 38%. This reduction reflects the recent change to the highest marginal tax rate.

Rewrite amendments

The Act includes a number of remedial changes to the Income Tax Act 2007 and the Income Tax Act 2004, at the recommendation of the Rewrite Advisory Panel. The Panel sets out submissions for the Income Tax Act 1994 and the Tax Administration Act 1994 unintended changes on its website (www.rewriteadvisory.govt.nz), along with its conclusions and recommendations for each submission.

Date published: 28 Jun 2010

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