New Zealand Gazette – 1988 – No. 36

Page 751

✨ Financial Accounts Notes



2 MARCH NEW ZEALAND GAZETTE 751

NOTES TO THE ACCOUNTS

1. Income Tax

Details of income tax are as follows:

1987 1986
$(000) $(000)
Company 810,959 358,773
Fringe benefit tax 153,824 120,073
Individuals 7,218,802 6,622,259
Miscellaneous 112,738 98,391
Total $8,296,323 $7,199,496

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 $253,458,419 for 1987–88 and $178,560,740 for 1986–87.
Advance payments to Accident Compensation Corporation were $34,147,628 for 1987–88 and $16,476,782 for 1986–87.

2. Other Direct Taxation

Details of other direct taxation are as follows:

1987 1986
$(000) $(000)
Estate and gift duty 37,662 25,285
Land tax 69,674 62,169
Property speculation tax ... 49
Total $107,336 $87,503

3. Other Indirect Taxation

Details of other indirect taxation are as follows:

1987 1986
$(000) $(000)
Domestic air travel tax (3) 11,691 ...
Energy resources levy 47,331 56,463
Film hire tax ... 12
Gaming duties—Tote 37,537 49,669
Lottery 5,723 6,483
International departure tax 43,260 10,563
Instrument duty (12) ...
Stamp duty 181,837 147,595
Cheque duty 13,698 ...
195,535 122,416
Motor spirits tax (58) 1,296
less refunds 84,070 96,221
Motor vehicles, fees and charges ...
Payroll tax ... 98
Total $370,123 $499,915


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💰 Notes to the Accounts

💰 Finance & Revenue
Income Tax, Fringe Benefit Tax, Individuals, Miscellaneous, Refunds, Accident Compensation Corporation