TIB - April 2014

Interpretation statements

• IS 14/01: Tax residence – Transitional operational position
• IS 14/01: Tax residence

Legislation and determinations: 2014 International tax disclosure exemption ITR25

Questions we’ve been asked: QB 14/01: Income tax – adjustments for trading stock (including raw materials) taken for own use or consumption

Items of interest: Status of historical Inland Revenue internal circulars

Legal decisions – case notes

• Overseas contractor found to have a permanent place of abode in New Zealand
• Application for judicial review of a decision of the Taxation Review Authority
• Supreme Court grants leave to appeal in PAYE trust case