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Takapuna office closure | Takapuna office closure. The Takapuna office is relocating to a new address so will be closed from 22 November 4pm to 26 November 4pm. From 27 November you can find the new office at: 74 Taharoto Road Smales Farm, One NZ Building, Takapuna.

Some services unavailable 23 - 24 November | myIR, gateway services and our self-service phone line will not be available from 3pm Saturday 23 November to 9am Sunday 24 November while we do planned system testing. This will not affect any tax entitlements or payments scheduled during this time.

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A petroleum miner, with a net loss, is eligible for a tax credit for the following:

  • any decommissioning expenditure in the year it is incurred
  • any development expenditure that has not been deducted at the time commercial production permanently ceases.

The maximum tax credit will be limited to income tax paid by the petroleum miner (or a consolidated group it is a member of) in past years.

The tax credit applies for the 2018-19 and future income years.

A petroleum miner must notify us before filing a return that includes this tax credit.

Last updated: 28 Apr 2021
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