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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

63: Commissioner to be notified of bonus issue

You could also call this:

"Companies must tell the Commissioner about bonus issues they give out."

Illustration for Tax Administration Act 1994

If you are a company that gives out bonus issues, you must tell the Commissioner. You do this by providing a statement with details of the bonus issues you made that year. You also need to give any other information the Commissioner asks for, and you must do this when you give your income return for the tax year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM351816.

Topics:
Money and consumer rights > TaxesBusiness > Industry rules
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"Telling the Commissioner about company debentures and interest"

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63B: Disclosure requirements for exempt ESSs, or

"Telling the Commissioner about your company's employee share scheme"

Part 3Information, record-keeping, and returns
Returns: Fringe benefits

63Commissioner to be notified of bonus issue

  1. Every company that makes any bonus issue in any year shall, within the time within which that company is required to furnish a return of its income for the tax year, notify the Commissioner by providing a statement showing particulars of every bonus issue so made in that year, together with such further particulars as may be required by the Commissioner.

Compare
  • 1976 No 65 s 13A
Notes
  • Section 63: amended, on , by section 118 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).
  • Section 63: amended, on (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).