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Vol 20 No 7
01 Aug 2008

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