New Zealand Gazette – 1987 – No. 31

Page 1106

✨ Financial Accounts Notes



1106 THE NEW ZEALAND GAZETTE No. 31

NOTES TO THE ACCOUNTS

  1. Income Tax
    Details of income tax are as follows:
1986 1985
Company $358,773 $453,706
Fringe benefit tax 120,073 68,103
Individuals 6,622,259 5,290,202
Miscellaneous 98,391 53,922
$7,199,496 $5,865,933

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 $178,560,746 for 1986–87 and $153,526,216 for 1985–86.
Advance payments to Accident Compensation Corporation were $16,476,782 for 1986–87 and $16,003,963 for 1985–86.

  1. Other Direct Taxation
    Details of other direct taxation are as follows:
Estate and gift duty 25,285 21,248
Land tax 62,169 54,699
Property speculation tax 49 4
$87,503 $75,951
  1. Excise Duties
Excise¹ 215,800
Special 32,295
$248,095

Footnote:
¹ This item includes excise duty levied on alcoholic drinks, motor vehicles, petroleum fuels and tobacco products from 1 October 1986. Tax on these items were previously collected as Beer duty and Sales tax, both forms of indirect tax were abolished on 30 September 1986. It was not possible for detailed analysis of bankings to Public Account to be supplied to Treasury in the respective categories for inclusion in the quarterly accounts for 31 December 1986.

  1. Other Indirect Taxation
    Details of other indirect taxation are as follows:
Domestic air travel tax 11,691 12,924
Energy resources levy 56,463 48,485
Film hire tax 12 421
less refunds (3,173)
Gaming duties—
Totalisator 49,669 47,320
Lottery 6,483 6,500
56,152 10,563
International departure tax 12,762
Motor spirits tax 122,416 148,169
less refunds 1,296 (1,577)
121,120
Motor vehicles, fees and charges 96,221 102,535
Payroll tax 98
Stamp duties 147,595 95,671
$499,915 $470,037


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1987, No 31


NZLII — PDF NZ Gazette 1987, No 31




✨ LLM interpretation of page content

💰 Transactions in Connection with the Public Debt for the Nine Months Ended 31 December 1986 (continued from previous page)

💰 Finance & Revenue
Public Debt, Loans, Financial Transactions, Government Revenue, 1986

💰 Notes to the Accounts

💰 Finance & Revenue
Income Tax, Direct Taxation, Excise Duties, Indirect Taxation, Financial Statistics