✨ Financial Accounts Notes




27 AUGUST THE NEW ZEALAND GAZETTE 3613

NOTES TO THE ACCOUNTS

  1. Income Tax
    Details of income tax are as follows:

                                                 1986        1985
                                                 $(000)     $(000)

    Company (20,407) 48,868
    Fringe benefit tax 36,776 4
    Individuals 2,029,055 1,505,032
    Miscellaneous 31,138 16,343


                                                 $2,076,562  $1,570,247

Income tax is net of refunds.

Refunds to exporters in terms of the Income Tax Act 1976 were $48,054,955 for the three months ended 30 June 1986 and $43,741,277 for the corresponding period in 1985.

  1. Other Direct Taxation
    Details of other direct taxation are as follows:

Estate and gift duty 6,220 5,016
Land tax 1,020 422
Property speculation tax 2 ..


                                                $7,242      $5,438
  1. Other Indirect Taxation
    Details of other indirect taxation are as follows:

Domestic air travel tax 5,136 4,399
Duties payable by racing clubs 18,241 15,970
Energy resources levy 21,729 17,828
Film hire tax .. 350
International departure tax 4,282 (3,173)
Motor spirits tax 50,939 4,695
less refunds 516 (544)


                                                50,423      4,332

Motor vehicles, fees and charges 8,239 4,332
Payroll tax 98 ..
Stamp duties 43,139 32,622


                                                $151,287    $127,758


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✨ LLM interpretation of page content

πŸ’° Notes to the Accounts for Income Tax

πŸ’° Finance & Revenue
Income Tax, Refunds, Exporters, Financial Transactions

πŸ’° Notes to the Accounts for Other Direct Taxation

πŸ’° Finance & Revenue
Estate Duty, Gift Duty, Land Tax, Property Speculation Tax

πŸ’° Notes to the Accounts for Other Indirect Taxation

πŸ’° Finance & Revenue
Domestic Air Travel Tax, Racing Clubs, Energy Resources Levy, Film Hire Tax, International Departure Tax, Motor Spirits Tax, Motor Vehicles Fees, Payroll Tax, Stamp Duties