The Parliament of New Zealand enacts as follows:
This Act is the Income Tax Amendment Act 2015.
This Act comes into force on the day after the date on which it receives the Royal assent.
This Act amends the Income Tax Act 2007 (the principal Act).
Replace section DB 45 with:
This section applies when a person (person A) gives or offers, or agrees to give, a bribe in the circumstances specified in section 101, 102(2), 103(2), 104(2), 105(2), 105C, or 105D(1) of the Crimes Act 1961.
Person A is denied a deduction for the amount of the bribe.
This section does not apply in the circumstances specified in section 105C(3) of the Crimes Act 1961.
In this section, bribe is defined in section 99 of the Crimes Act 1961.
This section overrides the general permission.
Defined in this Act: bribe, deduction, general permission, New Zealand
Compare: 2004 No 35 s DB 36
In section YA 1, repeal the definitions of benefit, foreign public official, public official, and routine government action.
In section YA 1, definition of bribe, delete “paid to public officials”.
“paid to public officials”
In section YA 1, definition of foreign country, delete “paid to public officials”.
21 October 2015
Divided from Organised Crime and Anti-corruption Legislation Bill (Bill 219–2) as Bill 219–3J
4 November 2015
6 November 2015
This Act is administered by the Inland Revenue Department.