Section DB 1 — Income Tax Act 2007: Taxes, other than GST, and penalties

DB 1 Taxes, other than GST, and penalties No deduction (1) A person is denied a deduction for the following: (a) income tax: (b) a tax imposed in a country or territory outside New Zealand that is substantially the same as income tax: (c) ancillary tax, unless listed in subsection (2): (d) a civil penalty under Part 9 of the Tax Administration Act 1994: (e) a tax, a penalty, or interest on unpaid tax that is— (i) payable under the laws of a country or territory outside New Zealand; and (ii) substantially the same as a civil penalty as defined in section 3(1) of the Tax Administration Act 1994, or a criminal penalty under Part 9 of the Act, or interest imposed under Part 7 of the Act. Some ancillary tax excluded (2) Subsection (1) does not apply to— (a) pay-as-you-earn (PAYE): (b) fringe benefit tax (FBT): (c) employer’s superannuation contribution tax (ESCT): (d) resident withholding tax (RWT): (e) non-resident withholding tax (NRWT). Link with subpart DA (3) This section overrides the general permission. Defined in this Act: ancillary tax , deduction , ESCT , FBT , general permission , income tax , New Zealand , NRWT , pay , PAYE , RWT , tax , Compare: 2004 No 35 s DB 1