General statements

These statements outline the procedures we will follow in various situations, for example issuing notices, retaining records, releasing information and transferring land.

SPS 08/04 - Elections to change a balance date

This Standard Practice Statement ("SPS") sets out Inland Revenue's practice for considering applications for the Commissioner's consent to change a balance date for income tax purposes. This includes taxpayers who wish to change from a non-standard balance date to a 31 March balance date.

SPS 08/03 Income Tax Act 2007 - Penalties and interest arising from unintended legislative changes

This Standard Practice Statement (SPS) sets out the treatment of shortfall penalties and use of money interest when a tax position is taken under the Income Tax Act 2007 (ITA 2007) and a confirmed unintentional legislative change gives rise to a tax shortfall.

SPS 05/08 - Section 17 Notices (July 2005)

This Standard Practice Statement outlines the procedures Inland Revenue will follow when issuing notices, including third party requests, under section 17 of the Tax Administration Act 1994.

SPS 07/05 - Transfer of depreciable property between associated persons - section EE 33 of the Income Tax Act 2004 (September 07)

This Standard Practice Statement ("SPS") sets out various factors that the Commissioner will consider in deciding whether the taxpayer should be permitted depreciation based on the taxpayer's cost when acquiring depreciable property from an associated person.

SPS 07/04 - Discretions to be exercised by the Commissioner of Inland Revenue under the KiwiSaver Act 2006 (July 07)

This Standard Practice Statement ("SPS") sets out: The Commissioner's practice when exercising some of the principal discretions conferred by the KiwiSaver Act 2006, and the requirements for employees, members or employers who request the exercise of the Commissioner's discretions.

SPS 05/12 - Loss offset elections between group companies (Feb 06)

Practices which the Commissioner will accept for offsetting losses by election between group companies, and the consequences of specific events that can impact on a loss offset and how these should be addressed.

SPS 05/09- Income equalisation deposits and refunds (October 2005)

This Standard Practice Statement (SPS) sets out the Commissioner's practice in regard to the statutory powers to: accept income equalisation deposits for a tax year outside the specified period, and accept refund applications for a tax year outside the specified period.

SPS 05/07 - Non-disclosure right for tax advice documents (July 2005)

This Standard Practice Statement refers to the recently enacted statutory right enabling taxpayers to claim non-disclosure for certain tax advice contained in documents prepared by tax advisors.

SPS 05/02 - Income Tax Act 2004 - Penalties and interest arising from unintended legislative changes (Jun 05)

This Standard Practice Statement (SPS) sets out the treatment of shortfall penalties and use of money interest when a tax position is taken under the Income Tax Act 2004 (ITA 2004) and a confirmed unintentional legislative change gives rise to a tax shortfall.

SPS 05/06 - Non-standard balance dates for managed funds and "as agent" returns (May 05)

This Standard Practice Statement extends operational practice relating to consent for the use of non-standard balance dates to recognise special taxpayer/administrator situations.

SPS 05/05 - Retrospective adjustments to salaries paid to shareholder-employees (May 05)

This Standard Practice Statement (SPS) sets out the criteria for considering whether the circumstances are appropriate for the Commissioner of Inland Revenue to recognise retrospective reductions to salaries paid to shareholder-employees, where a genuine error has been made in the preparation of the company's accounts. Application

GNL-430 Retention of business records by electronic means (Dec 03)

Guidelines on the retention of business records where those records are stored in electronic form.

GNL-420 Six-monthly GST return threshold (Dec 01)

Guidelines on how Inland Revenue will exercise the discretion to allow registered persons to remain, or become, six-monthly GST return filers.

GNL-170 Release of information (Sep 01)

Guidelines for responding to requests for information made under the Official Information Act 1982 (Official Information Act) and the Privacy Act 1993 (Privacy Act).

Date published: 15 Jun 2007

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