TIB - August 2019

New legislation

Use-of-money interest rates change

Binding rulings

• BR Pub 19/01: Income tax – salary and wages paid in crypto-assets
• BR Pub 19/02: Income tax – bonuses paid in crypto-assets

Questions we’ve been asked

• QB 19/10: Donations: What is required to establish and maintain a fund under s LD 3(2)(c) of the Income Tax Act 2007?
• QB 19/11: GST - administrative or management services provided by an unincorporated body to its members

Interpretation statement

IS 19/03 - Income tax - exempt income of non-resident entertainers

Operational statement

OS 19/03: Square metre rate for the dual use of premises