Vol 33 No 7
Issued
28 Jul 2021

TIB - August 2021

Orders in Council

  • LI 2021/137 - Tax Administration (Canterbury Flood Event) Order 2021
  • LI 2021/154 – Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2020–21 Income Year) Order 2021
  • LI 2021/166 – Covid-19 Resurgence Support Payments Scheme (July 2021) Order 2021

Ruling

  • BR Pub 21/03: Goods and services tax – debt factoring arrangements
  • Withdrawal notice for BR Pub 06/01

Operational statement

  • OS 21/02: Administration of the imported mismatch rule – section FH 11

Interpretation statements

  • IS 21/05: Non-cash dividends
  • IS 21/06: Income tax and GST – treatment of meal expenses

Questions we’ve been asked

  • QB 21/05: The application date for the depreciation of commercial buildings
  • QB 21/06: Income tax - tax treatment of cryptoassets received from an airdrop
  • QB 21/07: Income tax - tax treatment of cryptoassets received from a hard fork
  • QB 21/08: GST - How do the compulsory zero-rating of land rules apply to transactions involving commercial leases?

Determination

  • DEP107 - General tax depreciation rates for brake test rollers