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