We agree that the subsection should be altered to include the word as outlined in the “the” submission. Recommendation That the submission be accepted. Issue: Minor drafting issues Submission (Matter raised by officials) A number of small drafting points have been identified in relation to the wording in the legislation that should be remedied. Comment We recommend that the following minor drafting matters be remedied: the definition of provisional taxpayer” in the Income Tax Act should reflect the “initial change in the safe harbour threshold from $50,000 to $60,000; clause 110 should include a reference to section RC3(3) in the proposed amendment to section to ensure that those who are put into provisional tax for the current year can continue to use the safe harbour provisions; clause 110 should include the words or before” to ensure those taxpayers who pay “on their provisional tax instalments early can still use the safe harbour; clause 110 should also repeal section 120KE(1)(e) to align the treatment of taxpayers who have certificates of exemption from resident withholding tax; and clause 109 should amend proposed section 120KBB(3) to ensure that taxpayers will not be paid credit UOMI on failed instalments. Recommendation That the submission be accepted. Clauses 72, 73, 77, 78, 79, 82, 92(8)-(10), 96, 102 and 111 Support for the proposals
We agree that the subsection should be altered to include the word “the” as outlined in the submission. Recommendation That the submission be accepted. Issue: Minor drafting issues Submission (Matter raised by officials) A number of small drafting points have been identified in relation to the wording in the legislation that should be remedied. Comment We recommend that the following minor drafting matters be remedied: the definition of “initial provisional taxpayer” in the Income Tax Act should reflect the change in the safe harbour threshold from $50,000 to $60,000; clause 110 should include a reference to section RC3(3) in the proposed amendment to section to ensure that those who are put into provisional tax for the current year can continue to use the safe harbour provisions; clause 110 should include the words “on or before” to ensure those taxpayers who pay their provisional tax instalments early can still use the safe harbour; clause 110 should also repeal section 120KE(1)(e) to align the treatment of taxpayers who have certificates of exemption from resident withholding tax; and clause 109 should amend proposed section 120KBB(3) to ensure that taxpayers will not be paid credit UOMI on failed instalments. Recommendation That the submission be accepted. Clauses 72, 73, 77, 78, 79, 82, 92(8)-(10), 96, 102 and 111 Support for the proposals
2016-or-bteirm.docx