The Commissioner of Inland Revenue may (or in some cases must) issue determinations about various tax issues such as accrual expenditure, depreciation, financial arrangements, foreign currency, livestock valuations, standard costs for boarding service providers, and childcare providers.
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).
The Commissioner may determine certain matters for the purposes of the CRS applied standard and Part 11B of the Tax Administration Act 1994: Participating jurisdictions, Suspension of reportable jurisdictions; and Non-reporting financial institutions and excluded accounts.
Commissioner determinations for the purposes of the CRS applied standard and Part 11B of the Tax Administration Act 1994 regarding non-reporting financial institutions and excluded accounts.
Commissioner determinations for the purposes of the CRS applied standard and Part 11B of the Tax Administration Act 1994 regarding participating jurisdictions that have an agreement with New Zealand under which they will provide us with CRS information.
These variations concern the Commissioner’s additional discretion to extend a due date, deadline, time period or timeframe or vary a procedural or administrative requirement arising from COVID-19 or the Government’s response measures.
Taxpayers must depreciate all depreciable property, other than "excluded depreciable property", by applying the "basic economic depreciation rates" (or general depreciation rates). These rates are set out in Determination DEP1, which was issued in 1993. Since DEP1 was issued, we have issued further general determinations amending DEP1 and setting new asset classes and general depreciation rates.
These determinations provide concessions on tax treatment in response to specific disaster events.
The Commissioner may determine certain matters relating to financial arrangements. A taxpayer may wish to apply for a determination to ascertain the tax treatment of a particular financial arrangement.
This sets out the application and processing fees for applications received on or after 1 October 1999.
These determinations provide currency methods and exchange rate sources for use by branches, and the exchange rates we accept for converting foreign currency amounts to New Zealand dollars under the controlled foreign company (CFC) and foreign investment fund (FIF) rules.
These determinations provide currency methods and exchange rate sources for use by branches.
These determinations provide 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.
These determinations relate to disclosure requirements by persons who have control or income interest in a foreign company or an attributing interest in a foreign investment fund.
The Commissioner must, from time to time, make determinations of national standard costs of specified livestock and national average market values for specified livestock.
These determinations establish the national average market value of specified livestock for a specified period and are published in the June Tax Information Bulletin each year.
These determinations establish the national standard costs of specified livestock for a specified period and are published in the March Tax Information Bulletin each year.
The Commissioner may determine standard costs for household services provided by natural persons in their own domestic accommodation. This takes the form of determinations and periodic CPI adjustments.
These determinations generally represent statutory discretions exercised by the Commissioner of Inland Revenue in respect of a specific tax issue. They may be initiated by the Commissioner, a taxpayer or a class of taxpayers. They generally set out amount(s) of expenditure that the Commissioner would accept as deductible or amortisation rates(s) that would apply to specific type of expenditure.