This interpretation statement applies to industries registered in the Emissions Trading Scheme, other than forestry which is taxed differently. The industries include those that are emissions intensive and trade exposed, as well as those involved in removal activities and some horticultural activities. The statement sets out the conceptual framework for the income tax treatment of emission liabilities and emissions units (NZUs) in these sectors. It then explains how to calculate deductions for emission liabilities and it discusses the treatment of NZUs as income. Finally, there is a brief discussion of the GST treatment of NZUs.
For a discussion on forestry activities registered in the ETS see: IS 25/13: Income Tax and GST – forestry activities registered in the Emissions Trading Scheme.

This interpretation statement discusses the requirements that must be met for a registered person to claim a secondhand goods input tax deduction. This includes, among other things, a discussion of the requirement that the goods be secondhand and the meaning of secondhand.

This interpretation statement also discusses exceptions and restrictions on the amount of secondhand goods input tax deduction that can be claimed, including where the supplier and the recipient are associated persons.

This interpretation statement discusses the meaning of “payment” for GST purposes. The meaning of payment is relevant for determining the time of supply, the tax period for which you return output tax or for which you claim an input tax deduction, and eligibility for a secondhand goods input tax deduction.

This fact sheet accompanies IS 25/22: GST – Secondhand goods input tax deduction, which discusses the requirements that must be met for a registered person to claim a secondhand goods input tax deduction.  One of the requirements is that the goods supplied are secondhand.

This fact sheet accompanies IS 25/22: GST – Secondhand goods input tax deduction, which discusses the requirements that must be met for a registered person to claim a secondhand goods input tax deduction.  The amount that a person can claim as a secondhand goods input tax deduction may be limited if the goods are acquired from an associated person.  This fact sheet summarises this limitation. 

This fact sheet accompanies IS 25/22: GST – Secondhand goods input tax deduction, which discusses the requirements that must be met for a registered person to claim a secondhand goods input tax deduction. This fact sheet is a summary of those requirements.

This interpretation statement discusses the meaning of “payment” for GST purposes. The meaning of payment is relevant for determining the time of supply, the tax period for which you return output tax or for which you claim an input tax deduction, and eligibility for a secondhand goods input tax deduction.

The Arrangement is the payment of bursaries that the Ministry of Education makes to eligible student teachers under the Go Rural: Isolated Placements Fund. The bursaries are awarded to student teachers who are hosted in an isolated or rural, state or state-integrated school while completing their Initial Teacher Education programme that is Teaching Council approved.

The Ministry of Education funds the bursaries.

To the extent that a bursary payment the Ministry of Education makes to a student teacher under the Arrangement is income, it is exempt income of the student teacher under s CW 36 of the Income Tax Act 2007.

The Arrangement is the payment of bursaries that Initial Teacher Education (ITE) providers make to eligible student teachers under the School Onsite Training Programme. To be eligible, student teachers must be hosted in schools 3 days a week while completing their 1-year graduate or postgraduate ITE programme, approved by the Teaching Council, that will lead to teacher registration.

The Ministry of Education funds the bursary payments that the ITE providers make.

To the extent that a bursary payment an ITE provider makes to a student teacher under the Arrangement is income, it is exempt income of the student teacher under s CW 36 of the Income Tax Act 2007.

New legislation

• Public Act 2025 No 50: Income Tax (FamilyBoost) Amendment Act 2025

Determination

• S65: Spreading method to be used for some electricity price contracts for difference

Standard practice statement

• Notice of withdrawal: Imaging of electronic storage media

Interpretation statement

• IS 25/21: GST – taxable activity

Case Summary

• CSUM 25/12: High Court refuses to grant stay of liquidation pending outcome of judicial review proceeding

Technical decision summary

• TDS 25/23: Disposal of cryptoassets