Section 139A amended (Late filing penalty for certain returns) Section 141JA amended (Application of Part 9 to non-filing tax payers) Section 143 amended (Absolute liability offences) Section 143A amended (Knowledge offences) Schedule 5 amended (Certain tax and rates) Income Tax Act 2007 Section CX 27 amended (Assistance with tax returns) Section RA 13 amended (Payment for terminal tax) Section RB 3 amended (Schedular income tax liability for filing taxpayers for resident passive income) Section RC 3 amended (Who is required to pay provisional tax?) Section RD 22 amended (Providing employment income information to Commissioner) Support Act 1991 Section 35 amended (Adjusted taxable income) Section 81 amended (Notification requirement of parents) Student Loan Scheme Act 2011 Section 34 amended (Repayment codes for New Zealand-based borrowers) Section 35 amended (Borrowers with repayment code must notify employers) “SL” Section 36 amended (Employer or PAYE intermediary must make standard deductions from salary or Section 57 amended (Consequences of exemption from standard deductions) Section 60 amended (Where exemption from standard deductions ceases to apply) Schedule 2 amended (Application of PAYE rules for purposes of section 70) Accident Compensation Act 2001 Schedule 4 amended (Deductions on account of earner levies) (Clause 42) Summary of proposed amendment Several amendments are proposed to enable Inland Revenue to simplify the administration of donation tax credits. The proposed changes are: Donation receipts would be able to be submitted during the year, and could be submitted electronically. Donation tax credits be able to be claimed as part of the income tax year-end process.
Section 139A amended (Late filing penalty for certain returns) Section 141JA amended (Application of Part 9 to non-filing tax payers) Section 143 amended (Absolute liability offences) Section 143A amended (Knowledge offences) Schedule 5 amended (Certain tax and rates) Income Tax Act 2007 Section CX 27 amended (Assistance with tax returns) Section RA 13 amended (Payment for terminal tax) Section RB 3 amended (Schedular income tax liability for filing taxpayers for passive income) Section RC 3 amended (Who is required to pay provisional tax?) Section RD 22 amended (Providing employment income information to Commissioner) Support Act 1991 Section 35 amended (Adjusted taxable income) Section 81 amended (Notification requirement of parents) Student Loan Scheme Act 2011 Section 34 amended (Repayment codes for New Zealand-based borrowers) Section 35 amended (Borrowers with “SL” repayment code must notify employers) Section 36 amended (Employer or PAYE intermediary must make standard deductions from salary or Section 57 amended (Consequences of exemption from standard deductions) Section 60 amended (Where exemption from standard deductions ceases to apply) Schedule 2 amended (Application of PAYE rules for purposes of section 70) Accident Compensation Act 2001 Schedule 4 amended (Deductions on account of earner levies) (Clause 42) Summary of proposed amendment Several amendments are proposed to enable Inland Revenue to simplify the administration of donation tax credits. The proposed changes are: Donation receipts would be able to be submitted during the year, and could be submitted electronically. Donation tax credits be able to be claimed as part of the income tax year-end process. resident
2018-commentary-armtarm-bill.docx