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Vol 33 No 6
Issued
01 Jul 2021

TIB - July 2021

New legislation

  • Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021
  • Order in Council – LI 2021124 - 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.