New Zealand Gazette – 1992 – No. 26

Page 541

✨ Grant Scheme Claim Form



EXPERT ASSISTANCE GRANT SCHEME - CLAIM AND REPORT FORM

IMPLICATIONS OF THE GRANT FOR TAX PURPOSES

  1. The grant is GST inclusive therefore, claims should be based on GST inclusive amounts.

  2. If you are registered for GST you will have to account for the GST portion of the grant as output tax.

  3. Section 169 of the Income Tax Act 1976 deals with grants such as this. Effectively, the grant is not assessable income as such but, has the effect of reducing the costs which may be claimed for income tax purposes.

We wish you well for the activity to be undertaken.

Yours sincerely

................
Business Development Board

SECTION A - for completion by the Business Development Board

SECTION B - for completion by the nominated consultant

SECTION C - for completion by the claimant

The claimant should send the completed claim to the Business Development Board together with:

  • original receipt(s) and original invoice(s) for the full amount on which the claim is based; and
  • a copy of the report on the project (either a full report for a completed project, or an interim report for an incomplete project).

SECTION A

This form is for use by ____ (applicant’s name) to claim for the grant approved under the EAGS. The terms and conditions of this approval are given in the letter to the applicant of //199_ .

The other sections of this claim are for completion when:

  • the approved project has been completed and the fees paid in full; or
  • the validity is due to expire but the project is still incomplete. In this case the claim should be for the part(s) of the project which have been completed and for which fees have been paid.

The expiry date for the approval is //199_ . The completed claim must be lodged with the Business Development Board (the BDB) by this date. The reference number you should quote in an enquiry to the BDB is ____.

SECTION B

This section is for completion by the consultant principally responsible for carrying out the approved project for the approved company.

NEW ZEALAND GAZETTE

27 FEBRUARY

541



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✨ LLM interpretation of page content

🏭 Expert Assistance Grant Scheme Claim and Report Form (continued from previous page)

🏭 Trade, Customs & Industry
Grant, Claim Form, Report Form, GST, Income Tax Act, Business Development, Consultant, Claimant
  • Business Development Board