TIB - July 2022

New legislation

• LI2022/97 – Order in Council - Taxation (Use of Money Interest Rates) Amendment Regulations 2022
• LI2022/98 – Order in Council - Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2022
• LI2022/151 – Order in Council - Income Tax (Deemed rate of return on Attributing Interests in Foreign Investment Funds, 2021–22 Income Year) Order 2022

Determination

• NAMV 2022: National Average Market Values of Specified Livestock Determination

Rulings

• BR Pub 22/06: FBT - Charitable and Other Donee Organisations and Fringe Benefit Tax
• BR Pub 22/07: Goods and Services Tax – Importers and input tax deductions
• BR Pub 06/03: Withdrawal notice

Questions we’ve been asked

• QB 22/03: GST – Customs brokers and GST levied by Customs
• QB 22/04: GST – Importers and recalculated GST

Operational statement

• OS 19/04 (KM 2022): Kilometre rates for the business use of vehicles for the 2022 income year

Technical decision summaries

• TDS 22/05: Whether weathertightness payments by the Crown are subject to GST
• TDS 22/07: Income tax, controlled foreign company, double tax agreement, shortfall penalties