TIB index based from the NZ Tax Information Bulletin - kwister.net
Current Time (NZ)
03:37:00
29 Dec 2024
03:37:00
29 Dec 2024
TIB index based from the NZ Tax Information Bulletin - kwister.net
GST Policy Issues - Domestic transport services supplied as part of the international transport of goods
INCOME TAX REMEDIALS - Foreign currency loans that finance residential rental property in a foreign jurisdiction
OTHER REMEDIALS - Aligning filing and payment dates for six-monthly payers of investment income information
OTHER REMEDIALS - Repeal of the information-sharing clause for the Registrar of Companies by Order in Council
OTHER REMEDIALS - Removal of the power to repeal the Serious Fraud Office information-sharing clause
OTHER REMEDIALS - Clarifying the definitions of "sensitive revenue information" and "revenue information"
BR Pub 22/01: Income tax – Australian source income earned by Australian limited partnership and foreign tax credits
BR Pub 22/02: Income tax – distributions made by Australian limited partnership and foreign tax credits
BR Pub 22/03: Income tax – distributions made by Australian unit trust to Australian limited partnership and foreign tax credits
This ruling is on ss BH 1 and HG 2, subpart LJ and articles 1(2) and 23(3) of the Schedule to the Double Taxation Relief (Australia) Order 2010 (the Australia and New Zealand Double Tax Agreement), as modified by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.BR Pub 22/04: Income tax – franked dividend received by Australian limited partnership and foreign tax credits
All legislative references are to the Income Tax Act 2007 unless otherwise stated. This ruling is on ss BH 1 and HG 2, subpart LJ and articles 1(2) and 23(3) of the Schedule to the Double Taxation Relief (Australia) Order 2010 (the Australia and New Zealand Double Tax Agreement), as modified by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit ShiftingBR Pub 22/05: Income tax – tax paid by an Australian limited partnership as a "head company" and foreign tax credits
This ruling is on ss BH 1 and HG 2, subpart LJ and articles 1(2) and 23(3) of the Schedule to the Double Taxation Relief (Australia) Order 2010 (the Australia and New Zealand Double Tax Agreement), as modified by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.COV 22/17: Variation in relation to ss HM 25(3)(a) and HM 72(2)(b) of the Income Tax Act 2007 (PIE exit rules)
The Commissioner of Inland Revenue has, under the discretion provided under section 6I of the Tax Administration Act 1994, made the following statutory variation: For the purposes of meeting the requirements of ss HM 14 and/or HM 15, the time period specified in s HM 25(3)(a) of "6 months plus one day" is extended to "12 months"CFC 2022/01: Non-attributing active insurance CFC status Tower Limited
A person has no attributed CFC income or loss from a CFC under sections CQ 2 and DN 2 of the Income Tax Act 2007 if the CFC is a non-attributing active CFC under section EX 21B of the Income Tax Act 2007 because the requirements of sections CQ 2(1) (h) and DN 2(1)(h) are not satisfied.CFC 2022/02: Non-attributing active insurance CFC status Tower Limited
A person has no attributed CFC income or loss from a CFC under sections CQ 2 and DN 2 of the Income Tax Act 2007 if the CFC is a non-attributing active CFC under section EX 21B of the Income Tax Act 2007 because the requirements of sections CQ 2(1) (h) and DN 2(1)(h) are not satisfied.2022 Consumers Price Index Adjustment to standard-cost amounts for household services (childcare, boarding services, or short-stay accommodation)
In accordance with Section 91AA of the Tax Administration Act 1994, the Commissioner advises adjustments have been made to the standard-cost amounts for the 2022 income year (1 April 2021 to 31 March 2022), as follows:OS 19/03 (CPI 2022): CPI adjustment to Operational Statement OS 19/03
2022 Adjustment to the Square Metre Rate amount. In accordance with Section DB 18AA of the Income Tax Act 2007, the Commissioner advises that the square metre rate for the 2022 income year (1 April 2021 to 31 March 2022) is set at $47.85IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Whether the cost has a relationship with the way the business earns its income
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - General deductibility principles for costs incurred by a business
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Whether any limitations to deductibility apply
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Deductibility of specific types of costs
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Costs for relocating employees, paying retainers or providing accommodation
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Contract and legal costs
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Assets and equipment
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Repairs and maintenance expenditure
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/01: Income Tax – deductibility of costs incurred due to COVID-19 - Premises expenses
The COVID-19 pandemic has caused significant disruption to businesses. Many businesses have had to incur additional costs (that might be described as unusual or abnormal) due to the pandemic. In addition, businesses may be incurring depreciation loss or other holding costs on assets that they cannot use because of COVID-19 restrictions or temporary downsizing.IS 22/02: GST and finance leases
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.IS 22/02: GST and finance leases - Classifying finance leases – time of supply
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.IS 22/02: GST and finance leases - Classifying finance leases – Agreements with options to purchase
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.IS 22/02: GST and finance leases - Agreements to purchase goods by instalment payments
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.IS 22/02: GST and finance leases - When finance leases are agreements to hire
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.IS 22/02: GST and finance leases - When finance leases are third category agreements
This interpretation statement explains how to classify finance leases for the purposes of the time of supply and value of supply rules. It also explains how to account for GST on finance leases when applying any "special" time and value of supply rules.Classifying finance leases – value of supply
. Section 10 determines the value of any supply. The general rule is that the value of a supply is the GST-exclusive consideration paid for it. However, under s 10(5) and (5A)–(5C) there is an exception to this general rule for supplies made under a credit contract:Classifying finance leases – value of supply - Finance leases that are credit contracts
Section 10 determines the value of any supply. The general rule is that the value of a supply is the GST-exclusive consideration paid for it. However, under s 10(5) and (5A)–(5C) there is an exception to this general rule for supplies made under a credit contract:Accounting for GST on finance leases
Having classified finance leases for time of supply purposes and determined whether they are credit contracts for value of supply purposes, it is then necessary to determine how to account for GST on finance leasesAccounting for GST on finance leases - Hire purchase agreements
Having classified finance leases for time of supply purposes and determined whether they are credit contracts for value of supply purposes, it is then necessary to determine how to account for GST on finance leasesAgency issues on selling goods
Issues have arisen about the GST consequences of supplies when a lessee sells the goods as agent for a lessor at the end of finance leases. This situation can be further complicated where residual value clauses exist.Agency issues on selling goods - Alternative approach if treated as separate supplies
Issues have arisen about the GST consequences of supplies when a lessee sells the goods as agent for a lessor at the end of finance leases. This situation can be further complicated where residual value clauses exist.QB 22/02: Donations - what is required to establish and maintain a "public fund" under s LD 3(2)(d) of the Income Tax Act 2007?
What is required to establish and maintain a "public fund" under s LD 3(2)(d) of the Income Tax Act 2007?TDS 22/06: GST input tax deductions, income tax deductions, understated income, shortfall penalties
The Taxpayer is a company that provides business advisory and consultancy services. The Taxpayer argued that it and its sole director and shareholder (the Director) were also directors of Company A which is part of a company group. Company A was placed into voluntary liquidation during the income tax period under dispute.TDS 22/06: GST input tax deductions, income tax deductions, understated income, shortfall penalties - Shortfall penalty for gross carelessness
The Taxpayer is a company that provides business advisory and consultancy services. The Taxpayer argued that it and its sole director and shareholder (the Director) were also directors of Company A which is part of a company group. Company A was placed into voluntary liquidation during the income tax period under dispute.TDS 22/06: GST input tax deductions, income tax deductions, understated income, shortfall penalties - Shortfall penalty for not taking reasonable care
The Taxpayer is a company that provides business advisory and consultancy services. The Taxpayer argued that it and its sole director and shareholder (the Director) were also directors of Company A which is part of a company group. Company A was placed into voluntary liquidation during the income tax period under dispute.