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Vol 34 No 7
25 Jul 2022

TIB - August 2022

New legislation

  • Taxation (Cost of Living Payments) Act 2022


  • COV 22/18: Variation in relation to s 70C of the Tax Administration Act 1994 to extend deadline for filing statements in relation to R & D loss tax credits
  • COV 22/19: Variation to section 68CB(2) of the Tax Administration Act 1994

Operational statement

  • OS 22/03: Authority to Act for Tax Agents and other Intermediaries and Nominated Persons

Interpretation statement

  • IS 22/03: Income tax – Application of the land sale rules to co-ownership changes and changes of trustees

Questions we’ve been asked

  • QB 22/05: GST – Does zero-rating apply to certain services that airport operators supply to international airline operators?

Technical decision summaries

  • TDS 22/08: Quantum of suppressed income and whether it is dividend or employment income
  • TDS 22/09: GST: Private recreational pursuit or hobby, taxable activity
  • TDS 22/10: GST – Whether property sale is zero-rated. Time bar.
  • TDS 22/11: “Negative income” adjustment, RWT credit, time bar
  • TDS 22/12: “Negative income” adjustment – Shortfall penalties