Draft items produced by the Tax Counsel Office represent the preliminary, though considered, views of the Commissioner of Inland Revenue. They cannot be relied on by taxation officers, taxpayers and practitioners.
Expired draft items have been out for consultation and the comment deadline has passed. They are still being considered or are on hold pending litigation or review by Inland Revenue’s Policy and Regulatory Stewardship team.
Let us know what you think about our drafts. Are they technically accurate? Do they fairly reflect taxation legislation? Are they in line with commercial reality and useful in practical situations?