The Tax Information Bulletin is a monthly publication which contains information about changes to tax-related legislation, proposed legislation, judgments, rulings and other specialist tax topics including many of the publication-types.
For the quarter commencing 1 October 2026 and subsequent quarters the fringe benefit tax prescribed rate of interest that is to apply to employment-related loans is 6.07%.
The Commissioner previously issued three Public Rulings (BR Pub 23/01 – 23/03) on the GST treatment of directors’ fees and board members’ fees.
Following a recent amendment to s 6(4) of the GST Act, parts of BR Pub 23/03 are now incorrect. See Tax Information Bulletin Vol 37, No 5 (June 2025):97.
Consequently, the Commissioner has decided to withdraw, update and reissue all three Rulings as they share a single Commentary. The associated Fact Sheet and QWBA (QB 23/07) have also been updated. All items have also been updated to reflect the change from tax invoices to taxable supply information, and for general clarity. A new summary table and flowchart have also been added to the Commentary and Fact Sheet.
See Notice of Withdrawal of Public Rulings – BR Pub 23/01 – 23/03
This interpretation statement considers whether amounts paid by employers on the death of an employee are taxable to the recipients, which could include executors and family members. The statement also considers the deductibility of payments made by employers, whether employers have PAYE obligations in respect of payments, and the duties of executors to file tax returns for the deceased employee and any estate that may arise.
This Revenue Alert sets out the Commissioner’s response to concerning practices Inland Revenue has identified in the horticultural sector which may result in the incorrect amount of tax being accounted for or paid. The Commissioner is increasing his focus on growers, contractors and subcontractors in the horticultural sector. Where behaviours of concern are identified a range of options will be considered to respond, including prosecution and/or shortfall penalties.
This Question We’ve Been Asked considers whether a personal services company can register for GST where it provides the services of a director or board member.
The appellant, Mr Jeremy McGuire, appealed two High Court judgments awarding indemnity costs of $50,274.71 to the Commissioner of Inland Revenue (the Commissioner). The Court of Appeal had previously struck out the underlying substantive appeal but allowed the appeal against the award of indemnity costs to proceed.
The appeal was dismissed, with costs and disbursements awarded to the Commissioner.
This item summarises a private ruling that considered the GST consequences of a company amalgamation.
This item summarises a private ruling that considered the income tax consequences of a company amalgamation.
This item summarises a private ruling about whether a building and fit-out are trading stock for Investment Boost purposes.
