“Explanation of 'mining company' for tax purposes removed from law”
You might have heard of a ‘mining company’ in the Income Tax Act 2007. This part of the law used to explain what that term meant. However, as of 1 April 2014, this section has been removed from the law. This means that the official definition of a mining company for tax purposes is no longer found here. If you need to know what a mining company means for tax reasons now, you’ll need to look at other parts of the law or ask a tax expert.
CU 23: Meaning of mining development expenditure, or
“This provision about mining development costs has been removed from the law”
Part C
Income
Income from mineral mining:
Definitions
CU 22Meaning of mining company (Repealed)
Notes
Section CU 22: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
