Plain language law

New Zealand law explained for everyone

Tax Administration Act 1994

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

65B: Information to be furnished with return by entity apportioning interest expenditure under section FE 6B

You could also call this:

"Information to include with your tax return if you're using a special rule to claim interest expenses"

Illustration for Tax Administration Act 1994

You must give the Commissioner some information when you send in your tax return. You need to do this if you are a company or person who is using section FE 6B of the Income Tax Act 2007 to work out your interest expenditure. You have to send this information at the same time you send in your tax return. You have to tell the Commissioner that you are using section FE 6B. You also have to give a reconciliation of your adjusted net profit under section FE 5(1BC) to your GAAP net profit. You have to reconcile your goodwill to items on your GAAP balance sheet. You have to give the Commissioner any other information they need. The Commissioner will tell you how to send this information and what form it should be in.

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 It might be out of date or be missing some parts.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

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4459808.

Topics:
Money and consumer rights > Taxes
Previous

65: Information to be furnished with return by petroleum mining entity making dispositions of shares or trust interests, or

"Petroleum mining companies must report share or trust sales to the Commissioner."

Next

66: Annual and other returns for PCA persons, or

"What PCA persons must report to the tax office each year"

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

65BInformation to be furnished with return by entity apportioning interest expenditure under section FE 6B

  1. A company or person apportioning its interest expenditure under section FE 6B of the Income Tax Act 2007 for an income year must furnish to the Commissioner, no later than when the company or person is required to furnish a return of its income for the corresponding tax year, the following information in the form and by the means prescribed by the Commissioner:

  2. notice to the Commissioner that the section has been applied; and
    1. a reconciliation of adjusted net profit under section FE 5(1BC) of that Act to GAAP net profit; and
      1. a reconciliation of goodwill to items presented in the GAAP balance sheet; and
        1. further information that is required by the Commissioner.

          Notes
          • Section 65B: inserted (with effect on 1 July 2009 and applying for income years beginning on or after that date), on , by section 143(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).