TIB index based from the NZ Tax Information Bulletin - kwister.net
Current Time (NZ)
03:45:48
29 Dec 2024
03:45:48
29 Dec 2024
TIB index based from the NZ Tax Information Bulletin - kwister.net
Taxation (New Due Date for New and Increased Assessments) Commencement Order 2019
The Taxation (New Due Date for New and Increased Assessments) Commencement Order 2019 will come into force by 1 April 2019 and sets 8 July 2019 as the date that section 142AB of the Tax Administration Act 1994 comes into force for income tax, including Working for Families assessments.OS 19/01: Exemption from electronic filing
This Operational Statement sets out the criteria for a person to be granted an exemption from the requirement to file returns/ information electronicallyLivestock values - 2019 national standard costs for specified livestock
The Commissioner of Inland Revenue has released a determination, reproduced below, setting the national standard costs for specified livestock for the 2018–2019 income year. These costs are used by livestock owners as part of the calculation of the value of livestock on hand at the end of the income year, where they have adopted the national standard cost ('NSC') scheme to value any class of specified livestockCourt of Appeal confirms decision to assess taxpayer as liable for New Zealand income tax on the basis he has a permanent place of abode in New Zealand
This is an appeal from a decision of the High Court upholding the Commissioner of Inland Revenue’s (“the Commissioner”) decision to assess Gerardus van Uden (“the appellant”) for New Zealand income tax for the 2005 to 2009 tax years on the basis that he had a permanent place of abode in New Zealand in those years and was therefore liable to pay tax in New Zealand on his worldwide income. A 10 percent penalty on the basis the appellant had taken an unacceptable tax position was also imposed.