Vol 16 No 1
Issued
01 Feb 2004

TIB - February 2004

Binding rulings

  • Product Ruling: BR PRD 03/18
  • Product Ruling: BR PRD 03/19

Legislation and determinations

  • Livestock values: 2004 national standard costs for specified livestock

Legal decisions - case notes

  • Proceeds of crime and its income tax and GST implications: Case W27, TRA decision 053/02
  • Warranty repair payments by a foreign manufacturer and the GST consequences: Motorcorp Holdings Ltd and Ors v CIR
  • Final decision - reassessment of time-barred year: 049/02
  • Use of trading trusts and tax avoidance: TRA 004/2000 and 005/2000
  • Witness summons set aside: TRA decision 001/04
  • Discovery issues in JG Russell template cases: TRA decisions 002/04 - 006/04

Questions we've been asked

  • Disputing or challenging a PAYE determination made under section NC 1(2) of the Income Tax Act 1994
  • Section 138M, Tax Administration Act 1994 - Wrong PAYE deduction determination a ground for challenge

New legislation

  • Major policy issues
    • New GST rules for financial service providers
    • GST on imported services: reverse charge introduced
    • Trans-Tasman imputation
    • Imputation grouping
    • Deferred deduction rule
  • Other policy issues
  • Remedial issues

Other legislation

  • NZAID grants transferred to overseas development programmes