Statute
Section BC 5 — Income Tax Act 2007: Taxable income
Text of the provision Official document
BC 5 Taxable income A person's taxable income for a tax year is determined by subtracting any available tax loss that the person has from their net income under Part I (Treatment of tax losses). Defined in this Act: available tax loss , net income , tax loss , taxable income , tax year , Compare: 2004 No 35 s BC 5 Flowchart B3: Calculating income tax liability
Official source: legislation.govt.nz
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