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Volume 37 No 4
Issued
01 May 2025

TIB - May 2025

New legislation

  • GST on accommodation and transportation services supplied through online marketplaces
  • SL 2024/240: Tax Administration (FamilyBoost Tax Credit—Extension of Dates to File Return of Income) Order 2024; SL 2025/8: Tax Administration (FamilyBoost Tax Credit—Extension of Dates to File Return of Income) Order 2025
  • SL 2025/15: Tax Administration (Reportable Jurisdictions for Application of CRS Standard) Amendment Regulations 2025

Determinations

  • AE 25/01: Participating jurisdictions for the CRS applied standard
  • DET 25/01: GST on supplies through electronic marketplaces – hostel and motel opt-out agreement criteria
  • FDR 2025/03: Determination the fair dividend rate may not be used to calculate FIF income by investors in Institutional Cash Series plc: BlackRock ICS US Dollar Liquidity Fund – Premier (Dis) Shares
  • FDR 2025/04: Determination the fair dividend rate method may not be used to calculate FIF income by investors in Institutional Cash Series plc: BlackRock ICS US Treasury Fund – Premier (Dis) Shares

Rulings

  • BR Prd 25/01: Taxi Limited
  • BR Prd 25/02: Electric Bikes NZ Limited

Operational statements

  • OS 25/01: Cash collateral is “money lent”
  • OS 25/02: Valuation of livestock

Operational position

  • OP 25/01: Commissioner’s operational position on the GST treatment of fees paid in relation to managed funds

Interpretation statements

  • IS 25/05: GST treatment of fees paid in relation to managed funds
  • IS 25/06: Employer obligations for employee share scheme benefits paid in cash
  • IS 25/07: PAYE – How an employer funds the tax cost on an employee share scheme benefit
  • IS 25/08: Income tax – implications of residential property moving between the standard tax rules and the mixed-use asset rules
  • IS 25/09: Tax treatment of losses on amalgamation
  • IS 25/10: Income tax and GST Amalgamations
  • IS 25/11: Income tax – Partnerships (including limited partnerships) – general guidance
  • IS 25/12: Income tax – Using the cost method to determine foreign investment fund (FIF) income
  • IS 25/13: Income Tax and GST – forestry activities registered in the Emissions Trading Scheme

Questions we’ve been asked

  • QB 25/01: Income tax – Which rules apply if I rent out my home, part of my home, or a separate dwelling on my property as short-stay accommodation?
  • QB 25/02: Income tax – Which rules apply if I have a dwelling I sometimes rent out as short-stay accommodation and also sometimes use privately?
  • QB 25/03: Income tax – How do the mixed-use asset rules apply if I provide short-stay accommodation?
  • QB 25/04: Income tax – How do the standard tax rules apply if I provide short-stay accommodation?
  • QB 25/05: Income tax – If property held in a trust is rented out for short-stay accommodation, who declares the income and what deductions can be claimed?
  • QB 25/06: How does an amalgamated company calculate its available subscribed capital following an amalgamation?

Technical decision summary

  • TDS 25/07: GST – Zero-rating, input tax deductions, shortfall penalties