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New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Entertainment expenditure

DD 11: Some definitions

You could also call this:

“Definitions of key terms related to deductions in the Income Tax Act”

In this part of the law, you’ll find some important words explained. These words are used when talking about deductions in the Income Tax Act 2007.

‘Business’ means any activity that earns money regularly. This could be things like running a shop, selling products online, or providing a service.

‘Business contacts’ are people or groups that are important to a business. These include:

  • The business’s clients, customers, shareholders, other people who provide money, and suppliers
  • The same types of people for any business that’s closely connected to this one

If the business is a partnership, ‘business contacts’ doesn’t include the other partners in that partnership.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513831.

Topics:
Money and consumer rights > Taxes
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DD 10: Interpretation: reimbursement and apportionment, or

“How to treat employee reimbursements and split costs for entertainment expenses”

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DE 1: What this subpart does, or

“This subpart explains how to calculate business use of a personal vehicle”

Part D Deductions
Entertainment expenditure

DD 11Some definitions

  1. In this subpart,—

    business includes any recurring income-earning activity

      business contacts—

      1. includes, for a person,—
        1. their clients, customers, shareholders, other financiers, and suppliers:
          1. the clients, customers, shareholders, other financiers, and suppliers of an associated person:
          2. if the person is in partnership, does not include other partners in the partnership.

            business premises

            Compare
            Notes
            • Section DD 11 business premises: repealed (with effect on 27 March 2021), on , by section 39 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).