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|Date published||Title and description|
|27 August 2015||Prescribed interest rates|
|These are the FBT prescribed interest rates, which are used to determine the fringe benefit value of low-interest loans provided to employees.
|26 August 2015||GST and the costs associated with mortgagee sales|
|This statement outlines the GST and costs associated with mortgagee sales.
|26 August 2015||Business cessation|
|Businesses that officially cease trading can use this form to finalise their taxable liabilities for GST and employer taxes. In most cases it will be quicker to cease your business over the phone. If you've filed your final GST return, just call us on 0800 377 774. If not, file your final return, wait a few days then email us using your myIR Secure Online Services account or call us on 0800 377 774.
|25 August 2015||SPS 15/01 - Finalising agreements in tax investigations|
|This Standard Practice Statement ("SPS') sets out the principles and parameters for finalising agreements in tax investigations by resolving issues that may be in dispute.
|24 August 2015||Mileage rate for self-employed people and reimbursing employees|
|If you're self-employed you can use our mileage rate to calculate the cost of using your motor vehicle for business purposes. If you're an employer you can calculate an employee's reimbursement when they use their private vehicle for work purposes. Employers may also use rates published by a reputable independent New Zealand source to reimburse their staff.
|24 August 2015||Special Determination S39: Valuation of shares issued by bank following a non-viability trigger event|
|This determination relates to a funding transaction involving the issue of Notes by Bank to Parent. The notes will contain a conversion mechanism, in order to allow them to be recognised as Tier 2 capital for the purposes of the Reserve Bank of New Zealand framework relating to the capital adequacy of banks. This determination applies in the situation that shares are issued by Bank to Parent following a Non-Viability Trigger Event, to determine the value of the shares for the purposes of the financial arrangement rules.
This determination will appear in the September issue of the Taxation Information Bulletin (volume 27, number 8).
|21 August 2015||NRWT rates for DTA countries or territories A-J|
|NRWT rates for DTA countries or territories A-J.
|21 August 2015||NRWT rates for DTA countries or territories K-Z|
|NRWT rates for DTA countries or territories K-Z.
|21 August 2015||Non-resident withholding tax (NRWT) payers|
|Information for people who pay NRWT.
|19 August 2015||Income Tax (Maximum Pooling Value) Order 2015|
|The Income Tax (Maximum Pooling Value) Order 2015, made on 2 June 2015, increases the maximum pooling value from $2,000 to $5,000, and applies to depreciation calculations made for the 2015-16 tax year. The increase came into force on 1 July 2015.
|19 August 2015||KiwiSaver Budget Measures Act 2015|
|The KiwiSaver Budget Measures Bill was introduced under urgency on 21 May 2015, passing through all stages that same day. It received Royal assent on 27 May 2015, bringing into force the repeal of the Crown's $1,000 one-off kick-start payment to new enrolments as announced in Budget 2015.
|19 August 2015||KiwiSaver (Homestart) Amendment Act 2015|
|The Social Housing Reform (Flexible Purchasing and Remedial Matters) Bill was one of several bills introduced under Budget urgency on 21 May 2015.
|18 August 2015||Overseas currency rates 2016 - rolling 12-month average and mid-month|
|These tables contain the exchange rates to convert foreign currency amounts to New Zealand dollar value. These rates are now supplied from Bloomberg, in a new PDF format. If you are visually impaired, please contact us on 0800 377 774 to obtain the exchange rate that you require.
|18 August 2015||Overseas currency rates 2016 - end of month|
|This table contains the end of month exchange rates to convert foreign currency amounts to New Zealand dollar value. These rates are now supplied from Bloomberg, in a new PDF format. If you are visually impaired, please contact us on 0800 377 774 to obtain the exchange rate that you require.
|18 August 2015||Tax seminars and workshops in Blenheim|
|Information on tax seminars and workshops being held in Blenheim.
|17 August 2015||Privacy (Information Sharing Agreement Between Inland Revenue and New Zealand Police) Amendment Order 2015|
|The Privacy (Information Sharing Agreement Between Inland Revenue and New Zealand Police) Amendment Order 2015 amends an existing information sharing agreement between Inland Revenue and the New Zealand Police.
|14 August 2015||Tax seminars and workshops in Taupo|
|Information on tax seminars and workshops being held in Taupo.
|14 August 2015||Withdrawal of member tax credits for first homes|
|The Taxation (KiwiSaver HomeStart and Remedial Matters) Act 2015 implements part of the Government's HomeStart support package for first home buyers, announced in August 2014.
|14 August 2015||Veteran income replacement payments|
|The new Act introduces amendments to the Income Tax Act 2007 and the KiwiSaver Act 2006 that correct the tax, social policy and KiwiSaver treatment of income replacement payments paid under the Veterans' Support Act 2014. The corrections ensure the payments are treated the same as ACC earnings-related "weekly compensation" payments for tax, social policy and KiwiSaver purposes.
|14 August 2015||Trans-Tasman portability arrangements|
|New rules that apply to trans-Tasman portability of savings make it clear that they apply only to the ability to withdraw funds upon permanent emigration and are not an exception to the other KiwiSaver early withdrawal provisions.
|14 August 2015||Tax treatment of income replacement payments|
|Amendments have been made to sections CF 1 and CW 28 of the Income Tax Act 2007 to ensure veteran income replacement payments are treated as taxable income. Payments that are taxable income are also included in social policy calculations.
|14 August 2015||PAYE and KiwiSaver treatment of income replacement payments|
|Amendments have been made to section RD 5 of the Income Tax Act 2007 to ensure veteran income replacement payments are subject to PAYE, and KiwiSaver deductions can be made from the payments.
|14 August 2015||KiwiSaver withdrawals for first home buyers|
|The KiwiSaver Act 2006 has been amended so a KiwiSaver first home withdrawal amount can be used to make payments before the purchase agreement on a new home goes unconditional (to pay a deposit, for example).
|14 August 2015||First home withdrawal only available for New Zealand homes|
|The first home withdrawal rules were previously silent on where a house could be bought. The only New Zealand-based restriction was a requirement that a member's funds were paid to a practitioner who holds a New Zealand practising certificate.
|14 August 2015||First home withdrawal available for homes on Māori land|
|Changes have been made to make it clear that a first home withdrawal under the KiwiSaver member rules is available to purchase or build a home on Māori land.
|14 August 2015||Criteria for earnings-related Working for Families tax credits|
|An amendment has been made to section MA 7 of the Income Tax Act 2007 to ensure the surviving spouse or partner of a deceased veteran can continue to claim the deceased veteran's full-time earner-related Working for Families tax credits.
|14 August 2015||Complying superannuation fund membership|
|The previous first home withdrawal rules included an eligibility period of at least three years in one or more KiwiSaver schemes. The rules have been extended to recognise previous membership in any complying superannuation fund of three years or more as counting towards the three years eligibility period for a first home withdrawal.
|13 August 2015||Registering with the Internal Revenue Service (IRS)|
|Find out how to register with the IRS and receive your Global Intermediary Identification Number (GIIN).
|13 August 2015||Tax seminars and workshops in Queenstown|
|Information on tax seminars and workshops being held in Queenstown.
|13 August 2015||Inland Revenue's role in FATCA|
|Find out how we will help you meet your FATCA obligations.
Date published: 05 Oct 2004