Vol 9 No 10
Issued
01 Oct 1997

TIB - October 1997

Legislation and determinations

  • Determination S7: Morgan Stanley OPALS – Financial Arrangement Income or Expenditure from Morgan Stanley OPALS
  • Transfer pricing – draft guidelines (see appendix for actual guidelines)

Questions we’ve been asked

  • Income Tax Act 1994: Tax sparing – Fijian tax credits
  • Goods and Services Tax Act 1985
    • GST and advertising purchased from a non-resident publisher
    • Collection of rents by an agent from domestic households

Legal decisions - case notes

  • Section 25 time limitation on assessments: Hutchison Brothers Ltd v CIR
  • Judicial Review – whether Disputes Tribunal can hear tax cases: CIR v Disputes Tribunal and JD Platt
  • Leasing by builder – activity other than making taxable supplies?: CIR v JD Morris
  • Motel vacant when transferred – sale of a going concern?: DC Belton v CIR