Vol 17 No 3
Issued
01 Apr 2005

TIB - April 2005

Binding rulings

  • Product ruling – BR PRD 05/01
  • Product ruling – BR PRD 05/03
  • Product ruling – BR PRD 05/04

Legislation and determinations

  • 2005 international tax disclosure exemption ITR16
  • Foreign currency amounts – conversion to New Zealand dollars

Questions we've been asked

  • Deductions from GST output tax for subsequent changes to taxable use
  • Tower Limited spin-off – tax implication for New Zealand shareholders

Legal decisions – case notes

  • GST deregistration: TRA 011/03
  • Commissioners decision not to allow financial relief upheld: Mason Clarke v CIR, Christopher John Money v CIR

Standard practice statements

  • Disputes resolution process commenced by the Commissioner of Inland Revenue – SPS 05/03
  • Disputes resolution process commenced by a taxpayer – SPS 05/04