Issued
2019

Volumes 171-183

Completed reviews of PIB volumes 171-183, March 1988 to July 1989.

PIB Volume 171, March 1988
The following items have no current application and will not be republished:
Page 1 Goods and services tax and advance payments to kiwifruit growers
Page 7 Goods and services tax on imported "free of charge" goods
Page 8 Goods and services tax - land tax charges
Page 8 Goods and services tax on matrimonial property agreements
Page 8 Goods and services tax - valuation of supplies to associated persons
Page 9 Inducement payments - also known as "golden hellos" and "golden handcuffs"
Page 11 Persons not required to accrue expenditure under section 104A of the Income Tax Act 1976 - Determination E2
Page 16 Relocation expenses - section 73 of the Income Tax Act 1976
Page 17 Responsibility to deduct withholding tax from door charges at hotels and taverns
Page 17 "Voluntary workers" employed by approved charitable organisations
The following item is still under review:
Page 1 Goods and services tax - buildings occupied as dwellings
The following item has been updated and republished:
Page 17 Cost of keep of farm employees, as part of QB 18/13 Income tax – what is the tax treatment of allowances paid and benefits provided to farm workers?

 

PIB Volume 172, March 1988
The following item has been replaced:
Page 1 Derivation of income from services for income tax purposes. Withdrawn and replaced by IS 16/06: Income tax - timing - when is income from professional services derived?

 

PIB Volume 173, April 1988
The following items have no current application and will not be republished:
Page 1 Apportioning motor vehicle expenses
Page 1 Fringe benefit tax - change to the prescribed rate of interest
Page 3 Form GST 121 - goods and services tax return for goods sold in satisfaction of a debt
Page 3 Goods and services tax and the assignment or surrender of commercial tenancy leases
Page 3 Goods and services tax - costs incurred in preparing goods and services tax returns
Page 4 Goods and services tax and donations made by parent teachers associations to school committee
Page 4 Goods and services tax and fringe benefit tax
Page 5 Goods and services tax on payments from the Department of Social Welfare to foster parents and organisations concerned with child welfare
Page 6 Goods and services tax registered persons having a turnover exceeding $24 million per annum to adopt a one month taxable period
Page 11 Livestock valuation for taxation purposes - alternative method of allocating costs to livestock - cost of production
Page 14 Legislation - sale of shares in Petrocorp - section 5 of the Finance Act 1987
Page 20 Press release- disaster relief payments
Page 21 Self-employed accident compensation levy
The following items have been updated and republished:
Page 10

The following item has been updated and republished as part of QB 19/11: GST - administrative or management services provided by an unincorporated body to its members

Goods and services tax - time of supply of real estate

The following items are still under review:
Page 7 Goods and services tax and property administration
Page 9 Goods and services tax on services supplied to international aircraft
This volume included commentary relating to the following legislation:
Page 19 Income Tax (Withholding Payments) Regulations 1979, Amendment No. 6
Page 21 Goods and Services Tax Amendment Act 1988

 

PIB Volume 174, May 1988
This volume included commentary relating to the following legislation:
Page 1 Income Tax Amendment Act 1988
Page 12 Goods and Services Tax Amendment Act 1988
Page 23 Stamp and Cheque Duties Amendment Act 1988
Page 23 Unclaimed Money Amendment Act 1988
Page 24 Inland Revenue Department Amendment Act 1988
Page 25 Film Hire Tax Amendment Act 1988
Page 26 Land Tax Amendment Act 1988
Page 35 Income Tax Amendment Act (No. 2) 1988
Page 48 Goods and Services Tax Amendment Act (No. 2) 1988
Page 55 Stamp and Cheque Duties Amendment Act (No. 2) 1988

 

PIB Volume 175, July 1988
The following items have no current application and will not be republished:
Page 1 Accident compensation levy liability - withholding payments
Page 2 The accrual tax accounting regime and export tax credit incentives
Page 9 Cost of domestic establishment
Page 9 "Cyclone Bola" disaster relief payments - income tax implications
Page 14 Disclosure of inter-related arrangements under section 64H of the Income Tax Act 1976
Page 17 Exemption from the requirements of section 64H(1) of the Income Tax Act 1976 - Appendix A
Page 22 Fiji tax free zones and the international tax regime
Page 23 Fourth schedule - excess superannuation contributions
Page 24 GST and the accounting basis and return period criteria for group representative members in terms of - section 55 of the Goods and Services Tax Act 1985
Page 24 Goods and services tax - advance payments to kiwifruit growers
Page 25 Goods and services tax and the calculation of employers accident compensation levy
Page 26 Goods and services tax - consumer credit and contingency debt insurance contracts
Page 26 Goods and services tax on directors' fees
Page 27 Goods and services tax and premiums of loss of earnings indemnity policies
Page 28 Goods and services tax on the sale of taxi licences
Page 28 Goods and services tax - tax invoice requirements
Page 30 TRA decision - Case H109 (1986) NZTC 723 or Case 39 (1986) 10 TRNZ 2273 - shareholders' bonuses - whether expenditure incurred
Page 30 TRA decision - Case K15 (1988) 10 NZTC 196 or Case 233 (1987) 10 TRNZ 207 - section 73 of the Income Tax Act 1976
Page 32 Valuation of timber stocks - timber merchants
The following item has been updated and republished:
Page 8

Chainsaw reimbursing allowances
as QB 15/08: Income tax - tax treatment of allowances paid to chainsaw operators and in Tax Information Bulletin Vol 27, No 10, November 2015

The following item are still under review:
Page 8 Bloodstock cost determination
Page 27 Goods and services tax on rebates paid by co-operatives

 

PIB Volume 176, September 1988
The following items have no current application and will not be republished:
Page 1 Accident compensation - adjustments on employer cessation - levy rate
Page 3 Deferral of tax in dispute regarding tax deductions - section 34 of the Income Tax Act 1976
Page 37 Tax treatment of franked and unfranked dividends received from Australian companies
The following items are still under review:
Page 36 Special tax codes for employees on overseas service
This volume included commentary relating to the following legislation:
Page 1 Income Tax Amendment Act (No. 4) 1988

 

PIB Volume 177, October 1988
This volume included commentary relating to the following legislation:
Page 1 Income Tax Amendment Act (No. 3) 1988
Page 38 Land Tax Amendment Act (No. 2) 1988
Page 39 Goods and Services Tax Amendment Act (No. 3) 1988

 

PIB Volume 178, February 1989
The following items have no current application and will not be republished:
Page 1 Airport operators - depreciation on airport runways
Page 2 Balance date policy
Page 6 Commission agents - expense claims
Page 9 Depreciation - change of balance date
Page 11 Petrol retailers - inducement paid by oil companies
Page 11 Poultry farmers - entitlement licences
Page 12 Real estate salespersons/share fishermen
Page 13 Share dealers - valuation of stock of shares
Page 14 Section 106(1)(h)(ii) of the Income Tax Act 1976 - deductibility of interest on money borrowed to acquire shares in a group company
Page 16 Self-employed accident compensation levy
The following items are still under review:
Page 10 Goods and services tax and rebate paid by co-operative societies
Page 17 The tax treatment of training and education provided to employees

 

PIB Volume 179, May 1989
The following items have no current application and will not be republished:
Page 1 Balance date policy
Page 3 Exiting payments to farmers
Page 4 Goods and services tax - indemnity payments under a contract of insurance
Page 5 Goods and services tax interest paid - liability to income tax
Page 5 Goods and services tax - kiwifruit growers
Page 6 Goods and services tax on purchases by tourists departing overseas
Page 8 Loss of earnings or profits insurance
Page 8 Lotto franchise fee
Page 9 Medical practitioners - special tax code certificates
Page 9 National superannuitants - tax adjustment for 1989 year
Page 12 Provisional tax - interest
Page 12 Real estate salespersons
Page 14 Section 336N of the Income Tax Act 1976 - Valuation for fringe benefit tax of leased CNG or LPG unit when installed in a motor vehicle
Page 14

Share fishermen - correct treatment for tax and ACC purposes
see IG 16/01: Determining employment status for tax purposes (employee or independent contractor?)

Page 16 Shearers - employment related expenses - tax free allowances
Page 16 Stamp duty liability involving multiple instruments in respect of one transaction, where one instrument executed prior to 17 March 1988
Page 17 Time share apartments
The following item has been updated and republished:
Page 3

Goods and services tax and progress payments on boats
as QB 15/14: Goods and Services Tax - Progress payments on boats to be exported by supplier and in Tax Information Bulletin Vol 28, No 1, February 2016

The following items are still under review:
Page 6 Goods and services tax on payments from the Department of Social Welfare to foster parents and organisations concerned with child welfare
Page 11 Property held for resale - tax treatment of costs of land development and other expenses
This volume included commentary relating to the following legislation:
Page 7 Income Tax (Withholding Payments) Regulations 1979, Amendment No. 7
Page 10 Double Taxation Relief (Finland) Order 1984 (SR 1984/190)

 

PIB Volume 180, June 1989
The following item has been replaced:
Page 1

Income Tax Amendment Act (No. 5) 1989: New residence rules. Replaced by IS14/01: Tax residence and in Tax Information Bulletin Vol 26, No 3, April 2014

 

PIB Volume 181, June 1989
This volume included commentary relating to the following legislation:
Page 1 Income Tax Amendment Act (No. 5) 1988
Page 22 Goods and Services Tax Amendment Act 1989
Page 34 Estate and Gift Duties Amendment Act 1989

 

PIB Volume 182, July 1989
The following items have no current applications and will not be republished:
Page 5 Conveyance duty and Goods and services tax
Page 5 Goods and services tax - time of supply for buildings under construction
Page 6 The impact on Goods and services tax pricing as a result of the removal of one and two cent coins from circulation
Page 7 GST: Rest homes and private hospitals from 1 July 1989
Page 7 Local authority rates
Page 9 Press release: issued 24.5.89 - refunds of export tax credits
Page 10 Press release: issued 9.5.89 - Landcorp mortgage
Page 10 Press release: issued 28.3.89 - section 129 Income Tax Act 1976 and winding up distribution tax
Page 11 Press release: issued 9.12.88 - tax relief for South Island drought affected farmers
Page 12 Persons not required to disclose an interest in a foreign company or foreign investment fund under section 245W of the Income Tax Act 1976 - exemption under section 245W(2)
Page 14 Provisional tax transitional rules for trustees
Page 14 Tax status of the Shipping Corporation of New Zealand
The following items are still under review:
Page 6 GST treatment of performance bond insurance

 

PIB Volume 183, July 1989
The following items have no current application and will not be republished:
Page 1 Accruals determinations