TIB - August 2008
New legislation
- Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008
- Tax cuts for individuals
- Working for Families tax credits
- Remedial amendments clarifying the rules for registration of charities
- Remedial amendments to PIE rules
- Remedial amendments to KiwiSaver rules
- Drafting corrections
- Annual income tax rates for 2008–09
Binding rulings
- Public ruling BR PUB 08/01: GST – when the supply of leasehold land is an exempt supply
Questions we’ve been asked
- QB 08/02: Commissioner’s power to issue a replacement ruling that operates retrospectively
- QB 08/03: Application for a private ruling or product ruling on an issue dealt with in a mutual agreement made under a double tax agreement – Tax Administration Act 1994, sections 91E(4)(D)(ii) and 91F(4)(D)
Legal cases – case notes
- When dividends are paid: TRA Decision 07/08
Corrections
Remedial amendments clarifying the rules for registration of charities:
- CW 41(5)(ii) under the heading “Charities that need more time to complete the registration process” to CW 41(5)(b)
- CW 41(5)(iii) under the heading “Non-resident charities” to CW 41(5)(c)