TIB - May 1995

Binding rulings on taxation

Nuiean company anti-avoidance rules

Tax-free allowances

Relief from deemed dividends arising on transfer of property

Company law reform

FBT on vehicles - test period for liable days

General insurance - disclosure of non-assessable premiums paid to non-resident insurers

Unit trusts - temporary dividend exemption extended

Deductibility of expenditure incurred in providing fringe benefits

Business entertainment deductibility rules

Foreign income - year in which assessable in NZ

Family Support tax credits

Underlying foreign tax credit rules amended

Provisional tax payment relief

Shareholder continuity provisions - imputation and dividend withholding payment rules

Casual agricultural and election day workers

NZ Superannuation and pay-period taxpayers

Miscellaneous amendments to the Income Tax Act

Minor remedial amendments

Inflation adjusted bonds: repeal of tax exemption - section 61(51), Income Tax Act 1976

Organisational review of Inland Revenue Department

Returns of non-active companies

Provisional tax use of money interest - “spiral effect”

Provisional tax use of money interest

Family Support/GMFI tax credits and provisional tax use of money interest

Zero-rating of going concerns

GST - minor consequential changes

GST - minor technical amendment

GST and racing

GST and subdivisions

Gift duty and community trusts

Suspensory loans