Cabinet paper DEV-19-SUB-0299: Income tax treatment of leases subject to International Financial Reporting Standards
|Description||This information release covers proposed income tax changes that would allow taxpayers who follow International Financial Reporting Standards (IFRS) to choose to follow their accounting treatment, with certain adjustments, for calculating tax deductions for expenditure under operating leases other than real property.|
|Date published||12 December 2019|
|Documents in this information release||
The Cabinet paper was considered by the Economic Development Committee on 13 November 2019 and confirmed by Cabinet on 18 November 2019.