TIB - November 2000

Binding rulings

• Public ruling withdrawn and new public ruling issued
• Directors’ fees and GST: Public Ruling BR Pub 00/11

New legislation

• Taxation (FBT, SSCWT and Remedial Matters) Act 2000 00/34: Securities Amendment Act 00/35

Legal decisions – case notes

• Double deduction claimed for trading losses and loss on sale of subsidiary: AMP Life v CIR
• Withholding tax not deducted on payments to non-resident: TRA Number 043/99. Decision Number 20/2000