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Technical tax area
Ngā tūmomo whakataunga me ngā aratohu

Orders in Council (2010)

An Order in Council is a notice of an administrative decision issued by the Governor General. The Orders in Council listed here are regulations or legislative orders in relation to and authorised by an existing Act of Parliament.

Use-of-money interest rates change

The use-of-money interest rates on underpayments and overpayments of taxes and duties have been changed in line with current market interest rates.

Minimum family tax credit income amount increased

The Income Tax (Minimum Family Tax Credit) Order 2010, made on 15 November 2010, increases the net income level guaranteed by the minimum family tax credit.

Remission of use-of-money interest for Canterbury earthquake victims

The Canterbury earthquake has been declared an emergency event for the purposes of section 183ABA of the Tax Administration Act 1994. This section allows the Commissioner to remit use-of-money interest payable on late tax payments following emergency events.

FBT rate for low-interest loans

FBT rate for low-interest loans

FIF deemed rate of return set for 2009-10

FIF deemed rate of return set for 2009-10

Rise in FBT rate for low-interest loans

The prescribed rate of interest used to calculate fringe benefit tax on low-interest, employment-related loans has decreased from the quarter beginning 1 July 2010.

KiwiSaver first home subsidy

The KiwiSaver first home deposit subsidy has been made a social assistance suspensory loan in recognition of its social policy objective. This ensures that recipients of this subsidy are not subject to income tax when the obligation to repay the loan is released.

Parental leave and employment protection - changes to advisor status

New legislation - 2010: Orders in Council (2010). Parental leave and employment protection – changes to advisor status.

Student loan scheme - volunteer exemption

Partners Relief and Development NZ has been added to the list of organisations that are "named" for the purposes of section 38AE(1)(b) of the Student Loan Scheme Act 1992, with effect from 1 April 2010.