Vol 16 No 7
Issued
01 Aug 2004

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