TIB - December 2019

Legislation and determinations

• Foreign currency amounts - conversion to New Zealand dollars (for the six months ending 30 September 2019)
• DEP105: Tax Depreciation Rate for pushrod/cable propelled pipeline camera inspection systems (not including pipeline crawlers)

Legal decisions – case notes

• Commissioner successful in tax avoidance case
• Court of Appeal considers Commissioner’s opposition to the restoration of companies to the New Zealand Companies Office register to protect the integrity of the tax system
• High Court considers whether a repayment of a loan can generate an input tax deduction

General articles

New Inland Revenue Tax Technical website coming in early 2020