Revenue Alerts
A Revenue Alert is issued by the Commissioner of Inland Revenue, and provides information about significant and/or emerging tax planning issues that are of concern to Inland Revenue. At the time an alert is issued, risk assessments will already be underway to determine the level of risk and to consider appropriate responses.
A Revenue Alert will identify:
- the issue (which may be a scheme, arrangement or particular transaction) which the Commissioner believes may be contrary to the law, or is inconsistent with policy;
- the common features of the issue;
- our current view; and
- our current approach.
Revenue Alert RA 13/01
Salary Packaging - reducing income from employment by replacing part of salary or wages with vouchers
Revenue Alert RA 11/03
New Zealand tax residents accessing income held in an offshore bank account using an offshore credit or debit card
Revenue Alert RA 11/02
Diverting personal services income by structuring revenue earning activities through an associated entity such as a trading trust or a company: the circumstances when Inland Revenue will consider this arrangement is tax avoidance.
Revenue Alert RA 11/01
Many people make charitable donations each year and receive tax credits accordingly. However, increasingly Inland Revenue is seeing situations where people are claiming tax credits for "donations" in situations where they have not made a true gift of their own money.
Revenue Alert RA 10/02
Inland Revenue is aware that "cloud computing" is becoming a popular way for businesses to set up their IT infrastructures. We are concerned that the use of cloud computing may mean businesses are not meeting their record keeping obligations under the Inland Revenue Acts.
Revenue Alert RA 10/01
Inland Revenue has always been concerned about arrangements involving taxpayers who arrange to effectively divert some or all of the income they earn (or could earn) from a business or activity of supplying personal services to an associated entity. This is done with the effect of taking advantage of lower marginal income tax rates payable by that entity and/or by family members as beneficiaries or shareholders of that entity, or of other tax benefits.
Revenue Alert RA 09/01
The Commissioner is concerned about arrangements that involve taxpayers who seek to minimise their tax (or gain enhanced tax credits or GST refunds) through ventures that are not genuine businesses. Often these schemes involve people engaging in multi-level networked marketing activities. This Revenue Alert advises people that any scheme or arrangement entered into with the purpose or intention of obtaining false, inflated or inappropriate GST refunds or income tax deductions, is tax avoidance and appropriate action will be taken where cases are seen.
Revenue Alert RA 08/02
Tax Haven Holding Structures (including those established in Liechtenstein).
Revenue Alert RA 08/01
Diverting personal services income by structuring revenue earning activities through an associated entity such as a trading trust or a company: the circumstances when Inland Revenue will consider this arrangement is tax avoidance.
Revenue Alert RA 07/01
Some people are selling their own or family home to a loss attributing qualifying company (LAQC), then renting the property back to themselves and claiming tax deductions for the property that would otherwise be considered to be private expenses.
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Date published: 28 Nov 2007
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