TIB - January 1996
Binding rulings
- Financial planning fees: income tax deductibility
- GST treatment of financial planning fees
- GST: importers and input tax deductions
- GST and supplies paid for in foreign currency
Legislation and determinations
- Propane gas cylinders - depreciation
- FBT - prescribed interest rate remains at 10.6%
- Student Loan scheme - interest rates and repayment threshold for 1996-97
Policy statements
- Reopening income tax assessments
- PAYE and earner premium deductions - penalties for failure to make or account for deductions
- Change to payment due date set under section 139(4), Tax Administration Act 1994
- Mining assets - deductibility/assessability
Questions we’ve been asked
- Income Tax Act 1994
- Goods and Services Tax Act 1985
- Child Support Act 1991
- Tax Administration Act 1994
Legal decisions - case notes
- TRA 95/50: Business purchase - deductibility of lease and depreciation
- DB Productions Ltd v CIR, DB Group Ltd v CIR: Film expenditure and royalty payments - deductibility
- TRA 94/159: Company in liquidation - whether former receiver and tax agent’s objection and case stated request valid
- GPO Holdings Ltd v CIR: Trading profit received upon settlement - whether assessable income
- CIR v Medical Council of NZ: Medical Council of New Zealand - whether exempt from income tax
- TRA 94/156: Land purchase - GST input tax credit claim