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Income Tax Act 2007

Income - Terminating provisions

CZ 2: Mining company’s 1970–71 tax year

You could also call this:

“Outdated tax rule for mining companies from 1970-1971 removed in 2014”

This section of the law, called ‘Mining company’s 1970–71 tax year’, used to be part of the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 1 April 2014. This means that this specific rule about mining companies and their taxes for the year 1970-1971 no longer applies.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513496.

Topics:

Money and consumer rights > Taxes

CZ 1: Grandparented shares under employee share schemes, or

“Special rules for certain employee shares received before 2016 or during a transition period”

CZ 3: Exchange variations on 8 August 1975, or

“Rules for foreign currency loans and exchange rate changes in business”

Part C Income
Terminating provisions

CZ 2Mining company’s 1970–71 tax year (Repealed)

Notes

Section CZ 2: repealed, on 1 April 2014, by section 25 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).