TIB index based from the NZ Tax Information Bulletin - kwister.net
Current Time (NZ)
03:39:08
29 Dec 2024
03:39:08
29 Dec 2024
TIB index based from the NZ Tax Information Bulletin - kwister.net
QB 17/08: Are proceeds from the sale of gold bullion income?
Categories: gold-bullion, incomeIS 17/08: Goods and services tax - compulsory zero-rating of land rules (general application)
Categories: goods-and-services-tax, property-land, zero-ratingSpecial Determination S55: Valuation of Shares Issued by Bank on Conversion
This determination relates to a funding transaction involving the issue of Notes by Bank to Parent. The Notes will contain a conversion mechanism, in order to allow them to be recognised as Additional Tier 1 capital for the purposes of the Reserve Bank of New Zealand framework relating to the capital adequacy of banksGeneral Determination DEP102: Depreciation rate for potato cool stores (climate controlled) structure only, excluding climate control plant
The Commissioner has recently been asked to consider what depreciation rate should apply for potato cool stores. Potato cool stores are specialist buildings that control humidity and temperature so that potatoes can be stored for long periods without spoilage occurring. These cool stores are fitted with refrigeration reticulation machinery, air transfer systems and associated electronic componentry (climate control plant).Foreign currency amounts - conversion to New Zealand dollars (for the six months ending 30 September 2017)
This article provides the exchange rates acceptable to Inland Revenue for converting foreign currency amounts to New Zealand dollars under the controlled foreign company ('CFC') and foreign investment fund ('FIF') rules for the six months ending 30 September 2017.Determination CFC 2017/01: Non-attributing active insurance CFC status (TOWER Insurance Limited)
Categories: cfc, insuranceDetermination CFC 2017/02: Non-attributing active insurance CFC status (TOWER Insurance Limited)
Categories: cfc, insuranceDetermination CFC 2017/03: Non-attributing active insurance CFC status (TOWER Insurance Limited)
Categories: cfc, insuranceDetermination CFC 2017/04: Non-attributing active insurance CFC status (TOWER Insurance Limited)
Categories: cfc, insuranceThe accounting income method (AIM) for paying provisional tax
As part of legislation enacted on 21 February 2017, the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017, a new method for calculating provisional tax was introduced - the accounting income method (AIM).Filing of amended statement of claim an abuse of process when proceeding was previously struck out
The taxpayers Dr Muir ('Dr Muir') and Hillvale Holdings Limited ('Hillvale') are parties to the Trinity litigation. This proceeding concerns amended statements of claim being filed or sought to be filed in proceedings (CIV-2011-404-1132) which were struck out by the High Court (Faire J) on 22 April 2015. The Court held that the proceedings were at an end when Faire J struck them out and the amended statements of claim were an abuse of the Court's process.Commissioner granted unless order for security for costs
This proceeding concerns the non-payment of a security for costs order. The Commissioner of Inland Revenue ('the Commissioner') sought orders that unless the plaintiff pays the $40,000 security for costs within 14 days, his claim will be struck out. The Court granted the Commissioner's application but gave the plaintiff 30 days to pay the security for costs.