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We focus on producing items that accurately and fairly reflect taxation legislation, and are useful in practical situations. Your input into the process is highly valued.
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Let us know what you think about our drafts. Are they technically accurate? Do they fairly reflect taxation legislation? Are they in line with commercial reality and useful in practical situations?
ED0205: Draft General Determination to set a depreciation rate for skin therapy machines
The Commissioner has been asked to consider what depreciation rate should apply for skin therapy machines used for beauty treatments. The draft item proposes a depreciation rate based on an estimated useful life of 8 years.
Comment deadline: 18 May 2018
ED0205 - PDF format (141kb | 1 page)
PUB00281: GST treatment of distributions made by a trading trust to a beneficiary
This draft Interpretation Statement considers the GST treatment of a distribution made by a GST-registered trading trust to a beneficiary, where that distribution consists of goods forming part of the trust’s taxable activity. It notes that the supply will be an associated supply, and the different timing and value of supply rules that apply to associated supplies. It also considers situations where supplies may trigger obligations on the trading trust to register for or deregister from GST.
Comment deadline: 7 June 2018
PUB00281 - PDF format (350kb | 19 pages)
ED0206: Effective date of GST registrations
This draft standard practice statement (SPS) sets out the Commissioner’s practice with regard to the effective date of GST registrations. It covers both required GST registrations and voluntary GST registrations. In particular, it explains the factors that the Commissioner will consider to determine whether a retrospective voluntary GST registration would be approved.
Comment deadline: 31 May 2018
ED0206 - PDF format (312kb | 8 pages)
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