Statute
Section EC 22 — Income Tax Act 2007: National standard cost scheme
Text of the provision Official document
EC 22 National standard cost scheme Election to use national standard cost scheme (1) A person may choose to value specified livestock under the national standard cost scheme , subject to the restrictions described in section EC 9 . Closing value (2) The closing value of the livestock is the cost of the livestock calculated under the determination made by the Commissioner under section EC 24 . Defined in this Act: Commissioner , national standard cost scheme , specified livestock , Compare: 2004 No 35 s EC 22
Official source: legislation.govt.nz
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