Act In force Latest version as at 01 April 2005 (as enacted) | 1999 No 143 | Administered by Inland Revenue Department

Taxation (Tax Rate Increase) Act 1999

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Contents

Title

Commencement

Part 1 Amendments to Income Tax Act 1994

Income Tax Act 1994

Special rules for 2000-2001 and 2001-2002 income years

Amount of provisional tax payable in 2000-2001 income year

Amount of provisional tax payable in 2001-2002 income year

Tax deductions to be made by employers

Application of tax codes specified in tax code declarations or tax code certificates

Rate of fringe benefit tax

Election to apply higher rate of deduction

Schedule 1—Basic rates of income tax and specified superannuation contribution withholding tax

Schedule 14—Rate of resident withholding tax deductions

Schedule 19—Basic tax deductions

Part 2 Amendments to Tax Administration Act 1994

Tax Administration Act 1994

Resident withholding tax deduction certificates

Annual income tax returns not required

Schedule 1

Schedule 2

Taxation (Tax Rate Increase) Act 1999

Public Act	1999 No 143
Date of assent	24 December 1999
Commencement	see section 2

Note

This Act is administered by the Inland Revenue Department.

1 Title

2 Commencement

Part 1
Amendments to Income Tax Act 1994

[Repealed]

3 Income Tax Act 1994 [Repealed]

4 Special rules for 2000-2001 and 2001-2002 income years [Repealed]

5 Amount of provisional tax payable in 2000-2001 income year [Repealed]

6 Amount of provisional tax payable in 2001-2002 income year [Repealed]

7 Tax deductions to be made by employers [Repealed]

8 Application of tax codes specified in tax code declarations or tax code certificates [Repealed]

9 Rate of fringe benefit tax [Repealed]

10 Election to apply higher rate of deduction [Repealed]

11 Schedule 1—Basic rates of income tax and specified superannuation contribution withholding tax [Repealed]

12 Schedule 14—Rate of resident withholding tax deductions [Repealed]

13 Schedule 19—Basic tax deductions [Repealed]

Part 2
Amendments to Tax Administration Act 1994

14 Tax Administration Act 1994

15 Resident withholding tax deduction certificates

16 Annual income tax returns not required

Schedule 1

[Repealed]

Schedule 2

[Repealed]

The Parliament of New Zealand enacts as follows:

1 Title

This Act may be cited as the Taxation (Tax Rate Increase) Act 1999.

2 Commencement

This Act comes into force on the date on which it receives the Royal assent.

Part 1
Amendments to Income Tax Act 1994

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

3 Income Tax Act 1994

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

4 Special rules for 2000-2001 and 2001-2002 income years

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

5 Amount of provisional tax payable in 2000-2001 income year

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

6 Amount of provisional tax payable in 2001-2002 income year

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

7 Tax deductions to be made by employers

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

8 Application of tax codes specified in tax code declarations or tax code certificates

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

9 Rate of fringe benefit tax

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

10 Election to apply higher rate of deduction

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

11 Schedule 1—Basic rates of income tax and specified superannuation contribution withholding tax

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

12 Schedule 14—Rate of resident withholding tax deductions

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

13 Schedule 19—Basic tax deductions

[Repealed]

Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

Part 2
Amendments to Tax Administration Act 1994

14 Tax Administration Act 1994

This Part amends the Tax Administration Act 1994.

15 Resident withholding tax deduction certificates

(1) In section 25(6)(g), “clause 1(c)” is replaced by “clause 1(a), (b), (c), (d) or (e)”.
(2) Section 25(6A) is replaced by:
- “(6A) The Commissioner may prescribe a formula for determining the average resident withholding tax rate to be applied to resident withholding income.”
(3) Subsections (1) and (2) apply to a resident withholding tax deduction certificate required to be issued in respect of interest paid on and after 1 April 2000.

16 Annual income tax returns not required

(1) Section 33A(1)(b)(iv), 33A(1)(b)(v) and 33A(1)(b)(vi) are replaced by:
- “(iv) Interest, excluding interest for which a RWT deduction certificate did not have to be prepared under section 25(7), from which RWT has been withheld at a rate other than that specified in—
  
  “(A) Schedule 14, clause 1(b) if that person's annual gross income is more than $38,000 but not more than $60,000; or
  
  “(B) Schedule 14, clause 1(a) or clause 1(e) if that person's annual gross income is more than $60,000; and
- “(v) Income from employment being extra emoluments from which tax has been withheld at a rate other than that specified in—
  
  “(A) Schedule 19, clause 8(b) if that person's annual gross income is more than $38,000 but not more than $60,000; or
  
  “(B) Schedule 19, clause 8(c) if that person's annual gross income is more than $60,000; and
- “(vi) Income from employment being secondary employment earnings from which tax has been withheld at a rate other than that specified in—
  
  “(A) Schedule 19, clause 5A if that person's annual gross income is more than $38,000 but not more than $60,000; or
  
  “(B) Schedule 19, clause 5B if that person's annual gross income is more than $60,000; and
- “(via) Dividends if that person's annual gross income is more than $60,000; and”.
(2) Subsection (1) applies to the 2000–2001 and subsequent income years.

s 11

[Repealed]

Schedule 1 was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

s 13

[Repealed]

Schedule 2 was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

Taxation (Tax Rate Increase) Act 1999

Taxation (Tax Rate Increase) Act 1999

Taxation (Tax Rate Increase) Act 1999

Note

Contents

1 Title

2 Commencement

Part 1Amendments to Income Tax Act 1994

3 Income Tax Act 1994

4 Special rules for 2000-2001 and 2001-2002 income years

5 Amount of provisional tax payable in 2000-2001 income year

6 Amount of provisional tax payable in 2001-2002 income year

7 Tax deductions to be made by employers

8 Application of tax codes specified in tax code declarations or tax code certificates

9 Rate of fringe benefit tax

10 Election to apply higher rate of deduction

11 Schedule 1—Basic rates of income tax and specified superannuation contribution withholding tax

12 Schedule 14—Rate of resident withholding tax deductions

13 Schedule 19—Basic tax deductions

Part 2Amendments to Tax Administration Act 1994

14 Tax Administration Act 1994

15 Resident withholding tax deduction certificates

16 Annual income tax returns not required

Schedule 1

Schedule 2

Taxation (Tax Rate Increase) Act 1999

Part 1
Amendments to Income Tax Act 1994

Part 2
Amendments to Tax Administration Act 1994