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Additional information |
Two attachments to the Cabinet paper are not included in this information release as they are publicly available: |
Related information releases |
Information releases for items in the Bill:
Information releases for items in Supplementary Order Paper No 510: |
Cabinet paper LEG-20-SUB-0058: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction
Information release for the approval to introduce the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill.
The Bill was introduced to Parliament on 4 June 2020 and covers:
- the tax deductibility of feasibility and innovation expenditure;
- income tax treatment of leases subject to New Zealand International Financial Reporting Standard 16;
- overseas donee status organisations;
- GST and telecommunications services;
- GST and credit notes;
- purchase price allocation issues;
- amendments to the tax rules for land;
- tax issues associated with Mycoplasma bovis; and
- the annual rates of income tax for the 2020–21 tax year (which remain unchanged).