Skip to main content

Welcome to Tax Technical

This site contains the Commissioner’s interpretation of existing tax law, our Work Programme for the year, and where you can provide feedback on any new work underway or apply for a binding tax interpretation.
This site contains the Commissioner’s interpretation of existing tax law. Read more

TDS 24/10 GST registration date

28 May 2024 Technical decision summary / 2024
Commissioner’s discretion; GST: voluntary registration, backdating registration

NAMV 2024 National Average Market Values of Specified Livestock Determination 2024

24 May 2024 Determinations / Livestock / Average market value
This determination establishes the national average market value (NAMV) of specified livestock for 2024.

S64 Spreading method to be used for some electricity price contracts for difference

23 May 2024 Determinations / Financial arrangements / Special / 2024
This determination relates to the financial arrangement spreading method to be used by a company (Company A) to return income and expenditure in relation to certain off-market contracts for difference (CFDs) in respect of the wholesale price of electricity.

DET 24/02 GST on accommodation supplied through electronic marketplaces – opt-out agreement criteria

21 May 2024 Determinations / Miscellaneous / 2024
This determination sets criteria for when a person who supplies accommodation through an electronic marketplace (an underlying supplier) can enter into an opt-out agreement with the operator of an electronic marketplace. The determination is made under section 60C(2BC) of the Goods and Services Tax Act 1985. 

The determination applies on and from 21 May 2024 for taxable periods starting on or after 1 April 2024 and ending on or before 31 March 2025. 

TDS 24/09 Transfer of property and whether income arises

13 May 2024 Technical decision summary / 2024
Income tax: Disposal of personal property, income vs capital; tax avoidance

Vol 36 No 4 TIB - May 2024

02 May 2024 TIB / Volume 36 - 2024

New legislation

  • Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024

Determinations

  • DET 24/01: Amortisation rates for listed horticultural plants 
  • FDR 2024/01: A type of attributing interest in a foreign investment fund for which a person may not use the fair dividend rate method (Wellington Management Funds (Ireland) PLC - Wellington Global Impact Bond Fund NZD Class)
  • DEP111: Tax Depreciation Rate for horticulture LED grow light systems
  • CFC 2024/01: Non-attributing active insurance CFC status Tower Limited
  • CFC 2024/02: Non-attributing active insurance CFC status Tower Limited
  • CFC 2024/03: Non-attributing active insurance CFC status Tower Limited
  • CFC 2024/04: Non-attributing active insurance CFC status Tower Limited
  • CFC 2024/05: Non-attributing active insurance CFC status Tower Limited
  • CFC 2024/06: Non-attributing active insurance CFC status Tower Limited

Interpretation statements

  • IS 24/02: GST – Grouping for companies
  • IS 24/03: GST – Who can group register?

Case summary

  • CSUM 24/02: Taxpayer challenge to timeliness of Commissioner’s Statement of Position (CSOP) dismissed by TRA

Technical decision summary

  • TDS 24/04: Receipt of a one-off payment 
  • TDS 24/05: Sale of bare land when intended for a subdivision

TDS 24/08 Employee Share Scheme – right to receive shares

30 Apr 2024 Technical decision summary / 2024
Income tax: Employee share scheme; share scheme taxing date

TDS 24/07 Suppressed cash sales, GST and evasion shortfall penalties

12 Apr 2024 Technical decision summary / 2024
Income tax: Suppressed income; GST: Input tax deductions, taxable activity; TAA: Shortfall penalties.

International Tax

12 Apr 2024 Overviews
A number of items have been published by the Commissioner on the topic of International Tax. This overview sets out these items, organised by topic.

Fringe Benefit Tax

12 Apr 2024 Overviews

An employer who provides a fringe benefit to an employee (or a shareholder-employee) may have to pay fringe benefit tax (FBT).  The Commissioner has published several items on FBT.  This overview sets out these items, organised by subject.

More

Public advice and guidance work programme 2024-25 

Each year the Tax Counsel Office prepares a programme of public guidance work for the following year.

If you are aware of any tax technical or interpretative issues you think we should publish guidance on, please let us know by 7 June 2024.

Before adding a suggestion to the work programme, we consider the importance of the issues involved, the level of uncertainty/ambiguity, the number of customers potentially affected, and the potential revenue implications.  Any relevant information you can provide about these factors is appreciated.

 

Find out more about how to make a suggestion.

  

Newsletter subscription service 

Find out about our subscription service