TIB - June 2010
Binding rulings
- Public ruling BR Pub 10/06: Meaning of “anything occurring on liquidation” when a company requests removal from the register of companies
- Public rulings BR Pub 10/07: Commissions received by life agents on their own policies and those of associated persons – income tax treatment
- BR Pub 10/08: Discounted premiums on life insurance policies provided to life agents and associated persons – fringe benefit tax implications
New legislation
- Orders in Council
- Parental leave and employment protection – changes to advisor status
- KiwiSaver first home subsidy
Legislation and determinations
- CPI Adjustment – CPI 10/01 for Determination DET 09/02: Standard-cost household service for childcare providers
- CPI Adjustment – CPI 10/02 for Determination DET 05/03: Standard-cost household service for boarding service providers
- Determination FDR 2010/1: Revocation of Determination FDR 2008/13
- National average market values of specified livestock determination 2010
Interpretation statements
- IS 10/02: Meaning of “building” in the depreciation provisions
Legal decisions – case notes
- Tax disputes not a vehicle for collateral grievances
- Commissioner to reconsider whether to accept late objection
- Double Tax Agreement on pensions not discriminatory
- Struck-off company has no legal capacity
- Commissioner’s right to withhold payments
Questions we’ve been asked
- QB 10/03: Fringe benefit tax – Value of motor vehicle previously owned by the employer or by an associated person of the employer