Income Tax Act 2007 (2007 No 97). Country/Territory New Zealand Document type Legislation Date 2007 (2021) Source FAO, FAOLEX Subject Agricultural & rural development, Livestock, Forestry, Land & soil, Mineral resources, Water Keyword Business/industry/corporations Farming Tax/levy Agricultural commodities Agricultural land Property rights Agricultural development Timber extraction/logging Timber Forest management/forest conservation Aquaculture Geographical area Asia and the Pacific, Australia and New Zealand, Oceania, South Pacific Abstract The main purposes of this Act are a) to define, and impose tax on, net income; b) to impose obligations concerning tax; c) to set out rules for calculating tax and for satisfying the obligations imposed. Part B lays down provisions to impose income tax, provisional tax, withholding liabilities, and other tax obligations concerning taxes, to set out procedures to be followed for calculating tax and satisfying the obligations imposed under this Act, to provide a basis for applying the other Parts and generally to set up the scheme of the Act and the main links between its Parts. Full text English Website www.legislation.govt.nz