TIB index based from the NZ Tax Information Bulletin - kwister.net
Current Time (NZ)
03:52:18
29 Dec 2024
03:52:18
29 Dec 2024
TIB index based from the NZ Tax Information Bulletin - kwister.net
Taxation (Cost of Living Payments) Act 2022
The new legislation allows the Commissioner of Inland Revenue to make payments to eligible individuals under the Cost of Living Payments Scheme and to administer the scheme on behalf of the Government.COV 22/18: Variation in relation to s 70C of the Tax Administration Act 1994 to extend deadline for filing statements in relation to R&D loss tax credits
For a statement in relation to R&D loss tax credits and R&D repayment tax for the 2021 tax year under s 70C of the Tax Administration Act 1994, the date by which that statement must be filed is extended to include a statement filed with the Commissioner on or before 31 August 2022.COV 22/19: Variation to section 68CB(2) of the Tax Administration Act 1994
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 a general approval application in relation to the R&D tax credit for the 2021-2022 income tax year under section 68CB(2) of the Tax Administration Act 1994, for applicants whose 2021-2022 income year ends on 30 June 2022, the date on or before which that application must be filed with the Commissioner is amended to be 30 September 2022.OS 22/03: Authority to Act for Tax Agents and other Intermediaries and Nominated Persons
This Statement prescribes the manner by which a tax agent or a representative can obtain the authority to act from their clients.IS 22/03: Income tax – Application of the land sale rules to co-ownership changes and changes of trustees
This Interpretation Statement considers whether the land sale rules in the ITA (ss CB 6A to CB 15 and CZ 39) apply to changes to co-ownership of land and changes of trustees of a trust.QB 22/05: GST – Does zero-rating apply to certain services that airport operators supply to international airline operators?
Does zero-rating apply to garbage disposal, lighting and security, aircraft parking and terminal services that airport operators supply to international airline operators?TDS 22/08: Quantum of suppressed income and whether it is dividend or employment income
This TDS relates to two separate Adjudication decisions for two taxpayers (Taxpayers) who were co-directors and 50/50 shareholders in a company. Because the facts, decisions, and reasons for the two decisions were the same for both taxpayers, except in respect of a matter relating to a reparation order, the two decisions have been combined into one technical decision summary.TDS 22/09: GST: Private recreational pursuit or hobby, taxable activity
Categories: goods-and-services-tax, hobby, horse-racing, horse-racing-syndicate, taxable-activity-hobbyTDS 22/10: GST – Whether property sale is zerorated. Time bar.
Categories: amendment, goods-and-services-tax, goods-and-services-tax-zero-rated, property-land, time-barTDS 22/11: “Negative income” adjustment, RWT credit, time bar
Income Tax: Whether the Taxpayer is entitled to a “negative income” adjustment as a consequential adjustment to avoid double taxation. Whether the time bar applies. Whether the Taxpayer is entitled to the resident withholding tax (RWT) credit it claimed. Whether the net loss amount should be adjusted.TDS 22/12: “Negative income” adjustment – Shortfall penalties
Income tax: Whether the Taxpayer was correct to include the negative income adjustment in its income tax return to prevent income being taxed twice. Whether the Taxpayer is liable for shortfall penalties.