TIB - August 2004

Binding rulings

• Product ruling – BR PRD 04/07
• Product ruling – BR PRD 04/08
• Product ruling – BR PRD 04/09
• Product ruling – BR PRD 04/12

New legislation

• New double tax agreements with South Africa and the United Arab Emirates, new Protocol to UK agreement
• GST reforms to apply from 1 January 2005
• New deemed rate of return for foreign investment fund interests
• Tax implications of the Meat Board restructuring – Meat Board Act 2004

Legal decisions – case notes

• Jurisdiction of the Taxation Review Authority: TRA 022/04
• Council-controlled trading organisation: The Wellington Regional Stadium Trust v AG and CIR
• Commissioner's security for costs confirmed – taxpayers must give security just like other litigants: Reefdale Investments Limited v CIR, Vanya Holdings Limited V CIR
• Struck-off company unable to appear: KJ Cummings LTD (struck off) v CIR

Standard practice statements

• Section 17 Notices IR–SPS GNL–440