Taxation (Tax Rate Increase) Act 1999

Taxation (Tax Rate Increase) Act 1999

Public Act1999 No 143
Date of assent24 December 1999
Commencementsee section 2

Note

This Act is administered by the Inland Revenue Department.


The Parliament of New Zealand enacts as follows:

1 Title
  • This Act may be cited as the Taxation (Tax Rate Increase) Act 1999.

2 Commencement
  • This Act comes into force on the date on which it receives the Royal assent.

Part 1
Amendments to Income Tax Act 1994

[Repealed]

  • Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

3 Income Tax Act 1994
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

4 Special rules for 2000-2001 and 2001-2002 income years
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

5 Amount of provisional tax payable in 2000-2001 income year
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

6 Amount of provisional tax payable in 2001-2002 income year
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

7 Tax deductions to be made by employers
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

8 Application of tax codes specified in tax code declarations or tax code certificates
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

9 Rate of fringe benefit tax
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

10 Election to apply higher rate of deduction
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

11 Schedule 1—Basic rates of income tax and specified superannuation contribution withholding tax
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

12 Schedule 14—Rate of resident withholding tax deductions
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

13 Schedule 19—Basic tax deductions
  • [Repealed]

    Part 1 (comprising sections 3 to 13) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

Part 2
Amendments to Tax Administration Act 1994

14 Tax Administration Act 1994
15 Resident withholding tax deduction certificates
  • (1) In section 25(6)(g), clause 1(c) is replaced by clause 1(a), (b), (c), (d) or (e).

    (2) Section 25(6A) is replaced by:

    • (6A) The Commissioner may prescribe a formula for determining the average resident withholding tax rate to be applied to resident withholding income.

    (3) Subsections (1) and (2) apply to a resident withholding tax deduction certificate required to be issued in respect of interest paid on and after 1 April 2000.

16 Annual income tax returns not required
  • (1) Section 33A(1)(b)(iv), 33A(1)(b)(v) and 33A(1)(b)(vi) are replaced by:

    • (iv) Interest, excluding interest for which a RWT deduction certificate did not have to be prepared under section 25(7), from which RWT has been withheld at a rate other than that specified in—

      • (A) Schedule 14, clause 1(b) if that person's annual gross income is more than $38,000 but not more than $60,000; or

      • (B) Schedule 14, clause 1(a) or clause 1(e) if that person's annual gross income is more than $60,000; and

    • (v) Income from employment being extra emoluments from which tax has been withheld at a rate other than that specified in—

      • (A) Schedule 19, clause 8(b) if that person's annual gross income is more than $38,000 but not more than $60,000; or

      • (B) Schedule 19, clause 8(c) if that person's annual gross income is more than $60,000; and

    • (vi) Income from employment being secondary employment earnings from which tax has been withheld at a rate other than that specified in—

      • (A) Schedule 19, clause 5A if that person's annual gross income is more than $38,000 but not more than $60,000; or

      • (B) Schedule 19, clause 5B if that person's annual gross income is more than $60,000; and

    • (via) Dividends if that person's annual gross income is more than $60,000; and.

    (2) Subsection (1) applies to the 2000–2001 and subsequent income years.


Schedule 1

s 11

[Repealed]

  • Schedule 1 was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

Schedule 2

s 13

[Repealed]

  • Schedule 2 was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).