Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Specific rules for expenditure types

DB 63B: Periodic company registration fees

You could also call this:

“Listed companies can deduct regular stock exchange listing fees”

If you’re a listed company, you can deduct the cost of regular fees you pay to a recognised stock exchange to keep your company listed on that exchange.

This rule adds to the general permission for deductions and overrides the capital limitation. However, you still need to follow the other general limitations.

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 It might be out of date or be missing some parts.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=DLM6193295.

Topics:
Money and consumer rights > Taxes
Previous

DB 63: Expenses in paying dividends, or

“Companies can claim deductions for costs related to paying dividends”

Next

DB 63C: Meetings of shareholders, or

“Rules for tax deductions on shareholder meetings”

Part D Deductions
Specific rules for expenditure types

DB 63BPeriodic company registration fees

  1. A listed company is allowed a deduction for expenditure incurred as periodic fees of a recognised exchange for maintaining the registration of the company on the exchange.

  2. This section supplements the general permission and overrides the capital limitation. The other general limitations still apply.

Notes
  • Section DB 63B: inserted (with effect on 1 April 2014 and applying for the 2014–15 and later income years), on , by section 50(1) of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 (2014 No 39).