TIB - October 2014
Binding rulings
- Public ruling BR Pub 14/06: Payments made by parents or guardians of students to state schools – GST treatment
- Product ruling BR Prd 14/06: Engagement of supervisors by PMP Distribution
- Product ruling BR Prd 14/07: New Zealand Māori Arts and Crafts Institute Scholarship
New legislation
- Orders in Council: FBT rate for low-interest loans increases
Questions we’ve been asked
- QB 14/09: Income tax – meaning of “excessive remuneration” and “excessive profits or losses” paid or allocated to relatives, partners, shareholders or directors
Legal decisions – case notes
- Application to stay liquidation proceedings
- Application by Trinity investors to stay liquidation proceedings
- Cases involving alleged tax avoidance transferred to High Court and consolidated High Court grants interim relief under section 8 of the Judicature Amendment Act 1972
- Appeal against High Court decision awarding indemnity costs to the Commissioner
- Appeal by Trinity investors to set aside a High Court decision
- Unsuccessful appeal by Trinity investors in respect of statutory demands issued by the Commissioner
- Appeal by Trinity investors to set aside a High Court decision and indemnity costs award