Statute
Section EB 15 — Income Tax Act 2007: Cost for low-turnover traders
Text of the provision Official document
EB 15 Cost for low-turnover traders A low-turnover trader may determine the value of their closing stock at cost. If the low-turnover trader chooses this method, they must include and allocate costs under— (a) generally accepted accounting practice; or (b) section EB 16 ; or (c) section EB 17 ; or (d) section EB 18 . Defined in this Act: closing stock , cost , generally accepted accounting practice , low-turnover trader , Compare: 2004 No 35 s EB 15
Official source: legislation.govt.nz
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