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Tax Administration Act 1994

Penalties - Civil penalties

141FC: Loss attributing qualifying companies—reduction of shortfall penalties

You could also call this:

"Reducing penalties for companies that make losses"

Illustration for Tax Administration Act 1994

You can find information about loss attributing qualifying companies and shortfall penalties in the Tax Administration Act 1994. A section called 141FC was about reducing these penalties, but it is no longer part of the law. It was removed on 21 December 2004 by the Taxation (Venture Capital and Miscellaneous Provisions) Act 2004, which you can read more about on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM356499.

Topics:
Money and consumer rights > Taxes
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"Rules for company shareholders and tax losses"

Part 9Penalties
Civil penalties

141FCLoss attributing qualifying companies—reduction of shortfall penalties (Repealed)

    Notes
    • Section 141FC: repealed, on (applying with respect to a shortfall penalty that is imposed in relation to a return period beginning on or after 1 April 2005), by section 128(1) of the Taxation (Venture Capital and Miscellaneous Provisions) Act 2004 (2004 No 111).