TIB - May 2013

Binding rulings

• Product ruling BR Prd 13/01: Mighty River Power Limited

Legislation and determinations

• Determination FDR 2013/01: A type of attributing interest in a foreign investment fund for which a person may use the fair dividend rate method
• Foreign currency amounts – conversion to New Zealand dollars

Items of interest

• Revised IR 10 Financial statements summary

Legal decisions – case notes

• Court of Appeal confirms OCN arrangement is tax avoidance