New Zealand Tax Agency Seeks Comments on Exposure Draft Clarifying Exemption for Additional Transport Allowances & More News Here

Daily Tax Report: International

June 9, 2022, 5:00 AM

The New Zealand Inland Revenue June 7 opened a session on Exposure Draft No. ED0243, clarifying the tax exemption on worker allowances for further transport prices. The draft interpretation assertion explains: 1) key definitions in regards to the transportation allowances; 2) situations for the appliance of the extra transport value exemption; 3) elements contributing to further transport prices; 4) the supply for staff incurring further transport prices in fulfilling a statutory obligation; 5) the calculation methodology of further transport prices beneath specified situations; 6) provisions in regards to the extent to which any allowance is exempt if circumstances change; and seven) the journey restrict …

New Zealand Tax Agency Seeks Comments on Exposure Draft Clarifying Exemption for Additional Transport Allowances & More Latest News Update

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New Zealand Tax Agency Seeks Comments on Exposure Draft Clarifying Exemption for Additional Transport Allowances & More Live News

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