✨ Financial Statements and Taxation Details
THE NEW ZEALAND GAZETTE
No. 95
NOTES TO THE ACCOUNTS
- Income Tax
Details of income tax are as follows:
| 1986 | 1985 | |
|---|---|---|
| $(000) | $(000) | |
| Company | 1,270,079 | 1,112,873 |
| Fringe benefit tax | 104,164 | — |
| Individuals | 9,107,421 | 7,184,835 |
| Miscellaneous | 85,577 | 50,777 |
| $10,567,241 | $8,348,485 |Income tax is net of refunds, and advance payments to the Accident Compensation Corporation in respect of self-employed levies.
Refunds to exporters in terms of the Income Tax Act 1976 were $200,593,699 for 1985-86 and $196,589,576 for 1984-85.
Advance payments to Accident Compensation Corporation were $23,081,931 for 1985-86 and $19,726,972 for 1984-85.
At 31 March 1986, the amount paid to the Corporation for which the Inland Revenue Department has not recovered payment from self-employed taxpayers was $1,220,591.
- Other Direct Taxation
Details of other direct taxation are as follows:
| 1986 | 1985 | |
|---|---|---|
| $(000) | $(000) | |
| Estate and gift duty | 28,417 | 31,738 |
| Land tax | 55,852 | 43,731 |
| $84,269 | $75,469 |- Other Indirect Taxation
Details of other indirect taxation are as follows:
| 1986 | 1985 | |
|---|---|---|
| $(000) | $(000) | |
| Domestic air travel tax | 17,772 | 13,853 |
| Duties payable by racing clubs | 69,773 | 66,945 |
| Energy resources levy | 72,124 | 52,862 |
| Film hire tax | 431 | 1,371 |
| less refunds | 3,173 | (2,752) |
| International departure tax | 16,694 | 15,557 |
| Mileage tax | — | 4 |
| Motor spirits tax | 210,851 | 227,786 |
| less refunds | 2,199 | (3,009) |
| 208,652 || Motor vehicles, fees and charges | 121,467 | 101,931 |
| Stamp duties | 136,549 | 113,623 |
| $640,279 | $590,923 |Next Page →
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VUW Te Waharoa —
NZ Gazette 1986, No 95
NZLII —
NZ Gazette 1986, No 95
✨ LLM interpretation of page content
💰
Transactions in Connection with the Public Debt for the Year Ended 31 March 1986
(continued from previous page)
💰 Finance & RevenuePublic Debt, Loans, Repayments, Currency, Financial Year
💰 Income Tax Details for 1985-86 and 1984-85
💰 Finance & RevenueIncome Tax, Company Tax, Fringe Benefit Tax, Individual Tax, Miscellaneous Tax, Refunds, Accident Compensation Corporation
💰 Other Direct Taxation Details for 1985-86 and 1984-85
💰 Finance & RevenueEstate Duty, Gift Duty, Land Tax
💰 Other Indirect Taxation Details for 1985-86 and 1984-85
💰 Finance & RevenueDomestic Air Travel Tax, Racing Clubs Duties, Energy Resources Levy, Film Hire Tax, International Departure Tax, Mileage Tax, Motor Spirits Tax, Motor Vehicles Fees and Charges, Stamp Duties