TDS 24/05 Sale of bare land when intended for a subdivision
TDS 24/04 Receipt of a one-off payment
IS 24/02 GST – Grouping for companies
IS 24/03 GST – Who can group register?
IS 24/03 FS GST – Who can group register? - fact sheet
CSUM 24/02 Taxpayer challenge to timeliness of Commissioner's Statement of Position (CSOP) dismissed by TRA
The Commissioner’s Statement of Position (CSOP) was issued within the relevant response period even if it was not received within that response period.
In regard to email, these are received when the email leaves the information system of the sender and enters the information system of the recipient.
“Information system” is not confined to a specific part of an information system (such as an email address) but extends to the architecture needed to produce, send, receive, store, display, or otherwise process electronic communications.
NSC 2024 National standard costs for specified livestock determination 2024
2024 determination lists the national standard costs for specified livestock.
Vol 36 No 2 TIB - March 2024
New legislation
- SL2023/295 – Order in Council – Student Loan Scheme (Repayment Threshold for 2024-25 Tax Year and Subsequent Tax Years) Regulations 2023
Determination
- AE 24/01: Participating jurisdictions for the CRS applied standard
Ruling
- BR Prd 23/07: Qantas Airways Limited
Interpretation statement
- IS 24/01: Taxation of trusts
General article
- GA 24/01: Proposed increase in the trustee tax rate to 39%
Technical decision summary
- TDS 24/02: Renovation work on recently acquired properties and the capital limitation
Case summary
- CSUM 24/01: TRA finds the disputants suppressed income
TDS 24/03 Fringe Benefit Tax: discounted goods provided by third party
GA 24/01 Proposed increase in the trustee tax rate to 39%
The Government has proposed that from the 2024/25 income year, the tax rate applying to trustee income will increase to 39% to align with the top personal tax rate. These changes were included in the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill introduced on 18 May 2023. The proposals in the Bill are not legislation until enacted and are subject to change through the parliamentary process.
Since the increase in trustee tax rate was proposed, Inland Revenue has been asked to provide guidance around how it may perceive some taxpayer transactions and structural changes. This article is intended to provide high-level guidance based on Inland Revenue’s interpretation of the current law.
Reference | Title | Closes |
---|---|---|
PUB00367 | Income tax – Partnerships (including limited partnerships) – general guidance | 24 April 2024 |
PUB00364 | Employee Share Schemes | 26 April 2024 |
ED0252 | Requests to change a balance date | 03 May 2024 |
Consultation closing soon
PUB00367: Income tax - Partnerships (including limited partnerships) - general guidance
Consultation closes: 24 April 2024
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