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Income Tax Act 2007

Deductions - Petroleum mining expenditure

DT 20: Petroleum mining operations outside New Zealand

You could also call this:

“Rules for petroleum miners working overseas”

This part of the law applies to you if you’re a petroleum miner doing work outside of New Zealand. It covers your petroleum mining operations or decommissioning activities that you do through a branch or a controlled foreign company. For this law to apply, your work must be very similar to the petroleum mining activities that this part of the law talks about.

When you do this kind of work outside New Zealand, the rules in this part of the law will apply to you. They might need to be changed a bit to fit your situation, but they’ll still be used.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514089.

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Part D Deductions
Petroleum mining expenditure

DT 20Petroleum mining operations outside New Zealand

  1. This subpart applies, with any necessary modifications, to a petroleum miner undertaking petroleum mining operations that are or decommissioning that is—

  2. outside New Zealand and undertaken through a branch or a controlled foreign company; and
    1. substantially the same as the petroleum mining activities governed by this subpart.

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      Notes
      • Section DT 20: amended, on , by section 58(1) (and see section 58(3) for application) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
      • Section DT 20 list of defined terms decommissioning: inserted, on , by section 58(2) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).