TIB - July 2021

New legislation

• Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021

• Order in Council – LI 2021/124 - Tax Administration (Direct Credit of Problem Gambling Levy Refunds) Order 2021

Ruling

• BR Prd 21/03: Zap NZ Limited 

Question we've been asked

• QB 21/04: When an employer is party to an employee share scheme, when does an employer's expenditure or loss under s DV 27(6) or income under s DV 27(9) arise?

Interpretation statement

• IS 21/03: GST – Registration of non-residents under section 54B

Operational statements

• OS 21/01: Income tax treatment of accommodation provided to employees

• 2021 CPI adjustment to Operational Statement OS 19/03: Square metre rate for the dual use of premises

• Kilometre rates for the business use of vehicles for the 2021 income year

Determinations

• National Average Market Values of Specified Livestock Determination 2021

• Determination FDR 2021/02: A type of attributing interest in a foreign investment fund for which a person may not use the fair dividend rate method.