Tax Information Bulletin - Volume 21 Issue 1
Issued: March 2009

Binding rulings

How the Goods and Services Tax Act 1985 applies to the development of software and provision of network services by Capital Market Solutions NZ Ltd

BR Prd 08/03 - RTF format (209kb | 9 pages)
BR Prd 08/03 - PDF format (71kb | 9 pages)

How the Income Tax Act 2007 applies to the purchase and lease back of livestock by StockCo Ltd

BR Prd 08/02 - RTF format (141kb | 8 pages)
BR Prd 08/02 - PDF format (89kb | 8 pages)

How the Income Tax Act 2004 applies to the leasing of thoroughbred breeds of horse by New Zealand Bloodstock Leasing Limited

BR Prd 08/04 - RTF format (99 kb | 6 pages)
BR Prd 08/04 - PDF format (84 kb | 6 pages)

How the Income Tax Act 2007 applies to the raising of capital by Bank of New Zealand and National Australia Bank

BR Prd 09/02 - RTF format (180 kb | 10 pages)
BR Prd 09/02 - PDF format (120 kb | 10 pages)

Legal decisions - case notes

14 January 2009 - Backdated ACC compensation not double taxed
TRA Decision Number 03/2009

16 January 2009 - Template avoidance scheme assessments confirmed
TRA Decision Number 1/2009

11 November 2008 - Commissioner's right to withhold a GST refund
Contract Pacific Limited v the Commissioner of Inland Revenue

25 November 2008 - Taxpayers' second judicial review successful
Chesterfields Preschools Limited and Ors v the Commissioner of Inland Revenue

12 December 2008 - Supreme Court upholds common law position on proof of amount in PAYE and GST offending
Smith v R

17 December 2008 - Summary judgment application for GST refund
Sadiqs as Trustees of Azura Family Trust

19 December 2008 - Application for review on grounds of bias unsuccessful
J G Russell v the Taxation Review Authority and the Commissioner of Inland Revenue

19 December 2008 - The court confirmed section 76 is a general anti-avoidance provision and every avoidance issue needs to be addressed objectively on its merits
Glenharrow Holdings Limited v the Commissioner of Inland Revenue

19 December 2008 - Supreme Court ruling on "Trinity"
Ben Nevis Forestry Ventures Limited and Ors v the Commissioner of Inland Revenue

22 December 2008 - Commissioner's right to remove and copy electronic information
Avowal Administrative Attorneys Limited and Ors v the District Court at North Shore and the Commissioner of Inland Revenue

13 November 2008 - Section 157 catches agent
Enterprises Lakeview Limited v the Commissioner of Inland Revenue

Legislation and determinations

Determination S14: Issue of perpetual non-cumulative shares by BNZIS, and related transactions

National standard costs for specified livestock determination 2009

New legislation

Taxation (Urgent Measures and Annual Rates) Act 2008

Annual Income Tax Rates for 2009-10

KiwiSaver

Repeal of Research and Development tax credit

Tax cuts for individuals

Taxation (Urgent Measures and Annual Rates) Act 2008

Working for Families overpayments

Regular features

Public consultation

We produce a number of statements and rulings aimed at explaining how taxation law effects taxpayers and their agents.

Because we are keen to produce items that accurately and fairly reflect taxation legislation, and are useful in practical situations, your input into the process - as perhaps a "user" of that legislation - is highly valued.

Due dates reminders

Depending on your individual circumstances the due dates that apply to you may be different. We have a range of calendars available that will help you plan ahead to help you meet your obligations.

Date published: 23 Mar 2009

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