TIB index based from the NZ Tax Information Bulletin - kwister.net
Current Time (NZ)
03:12:18
29 Dec 2024
03:12:18
29 Dec 2024
TIB index based from the NZ Tax Information Bulletin - kwister.net
Order in Council – Tax Administration (Research and Development Tax Credit Deadlines for Taxpayers Affected by Weather Events) Order 2023
The Tax Administration (Research and Development Tax Credit Deadlines for Taxpayers Affected by Weather Events) Order 2023 was made on 20 February 2023 and came into force on that day. The Order extended the deadline for filing an approval application or supplementary return required under sections 33E, 68CB, and 68CC of the Tax Administration Act 1994 until 31 March 2023 for taxpayers with a relevant deadline falling between 26 January 2023 and 7 March 2023, if they were significantly adversely affected by the weather events in their ability to meet the filing deadline.Order in Council – Tax Administration (Reportable Jurisdictions for the Application of CRS Standard) Amendment Regulations 2023
BR Pub 23/02: Goods and Services Tax – Fees of Board Members not appointed by the Governor-General or Governor-General in Council
Public Ruling BR Pub 23/03 Goods and Services Tax – Fees of Board Members appointed by the Governor-General or Governor-General in Council
2023 International tax disclosure exemption ITR34
Section 61 of the Tax Administration Act 1994 ("TAA") requires taxpayers to disclose interests in foreign entities. Section 61(1) of the TAA states that a person who has a control or income interest in a foreign company or an attributing interest in a foreign investment fund (“FIF”) at any time during the income year must disclose the interest held. In the case of partnerships, disclosure needs to be made by the individual partners in the partnership. The partnership itself is not required to disclose.Determination EE 23/01: Declaration of January flood events, beginning 26 January 2023 and Cyclone Gabrielle, which crossed the North Island of New Zealand during the period of 12 February 2023 to 16 February 2023, as emergency events for the purposes of family scheme income.
Determination DET EE 23/01 declares the January flood events, beginning 26 January 2023 and Cyclone Gabrielle, which crossed the North Island of New Zealand during the period of 12 February 2023 to 16 February 2023, emergency events for the purposes of family scheme income.National Standard Costs for Specified Livestock Determination 2023
This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2023".SPS 23/01: Disputes process
Standard Practice Statements describe how the Commissioner of Inland Revenue will exercise a statutory discretion or deal with practical issues arising out of the administration of the Inland Revenue Acts. This statement sets out the rights and responsibilities of a taxpayer and the Commissioner when either party commences a dispute in respect of an assessment, adjustment to an assessment or other disputable decision.OP 23/01: Commissioner’s operational position on professional directors and board members incorrectly registered for GST
The Commissioner has released three Public Rulings concerning the GST treatment of fees paid to directors and board members: - BR Pub 23/01 "Goods and Services Tax – Directors' Fees"; - BR Pub 23/02 "Goods and Services Tax – Fees of Board Members not appointed by the Governor-General or Governor-General in Council"; and - BR Pub 23/03 “Goods and Services Tax – Fees of Board Members appointed by the Governor-General or Governor-General in Council". This Operational Position gives guidance on how these rulings will be applied.Whether settlement payments were taxable employment income
Income tax: Settlement payment; whether employment income or payment for hurt and humiliation and therefore non-taxable; whether Record of Settlement is a sham.