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Volume 37 No 6
Issued
01 Jul 2025

Tax information bulletin - July 2025

Determinations

  • NAMV 2025: National Average Market Values of Specified Livestock Determination 2025
  • OS 19 04 (KM 2025): Kilometre rates for the business use of vehicles for the 2025 income year
  • 2025 Consumers Price Index adjustment to standard-cost amounts for household services (childcare, boarding services, or short-stay accommodation)
  • 2025 CPI adjustment to Operational Statement OS 19/03: Square metre rate for the dual use of premises
  • Det 25/02: Determination of expenditure incurred relating to payments made by New Zealand Clinical Research to volunteers
  • Det 25/03: Determination of amount of a particular payment (being per diem allowances paid in the screen production industry) that shall be regarded as expenditure incurred relating to those payments

Ruling

  • BR Prd 25/03: Extraordinary Pay Limited

Interpretation statements

  • IS 25/16: Tax residence
  • IS 25/17: Tax residence – government service rule

Question we’ve been asked

  • QB 25/16: Income tax – How do the income tax rules apply when a close company provides short-stay
    accommodation?

Case summaries

  • CSUM 25/08: Absence of evidence makes it impossible to prove nexus with the expenditure and the claimed deductions
  • CSUM 25/09: Lack of complete financial records secures TCRA win for the Commissioner in major income suppression case

Technical decision summaries

  • TDS 25/13: Income tax – land transferred within a consolidated tax group
  • TDS 25/14: Business restructure