TIB - April 1991
- Recent Legislation - Taxation Reform Bill (No.4)
- Trade Unions no longer included in Friendly Society Definition
- Confirmation of Tax Treatment of Student Grants and Allowances
- Definition of Income Year and Associated Terms
- Information from Returns now accepted Electronically
- “IR 5 Taxpayer” defined
- Changes to Return Filing Date
- Time Limitations for Amendment of Assessments
- Extension of Time to make Objections
- Six Month Time Limit for Stating Cases to High Court
- NRWT Removed for Niuean Companies
- Transitional Relief for Trade Associations
- New Start Grants: Extension of Deadline
- Extension of Relief Provisions to Estimators of Provisional Tax for Shareholder-Employees affected by the 1991 Amendments to Section 75
- Monetary Remuneration includes Directors' Fees for Purposes of Sections 75 and 104A
- Valuation of Trade Associations' Assets
- Controlled Foreign Company Transitional Provisions extended, Foreign Investment Fund Regime deferred
- FBT - Payments by Associated Persons recognised
- FBT - GST-Exclusive Values where Employee part-owns Motor Vehicle
- Changes to Tax Payment Dates
- Words “Family Benefit” now Repealed
- Reference to “Specified War Pension” removed from Act
- New Start Grants: Tax Write Off in cases of Serious Hardship
- Record Retention Period reduced
- Employer Obligation to advise Employees' Commencement and Cessation
- Family Support Income Bands decreased
- Additions to the Transitional List of Low Tax Countries
- Confirmation of Annual Rates of Income Tax
- Gift Duty Exemption for Superannuation Assignments extended
- Use of symbols allowed on Electronically Transferred Tax Invoices, Debit and Credit Notes
- Use of Trading Names on Tax Invoices allowed
- GST Zero-Rated on Sales from Airport Duty-Free Shops
- GST: Zero-Rating of Temporary Imports clarified
- Taxable Period Returns
- GST: Change of Accounting Basis requirements simplified
- TRA may dismiss Objections for Non-Appearance
- Child Support Living Allowance
- Recent Legislation - Gaming and Lotteries Amendment Act makes Consequential Amendments to Revenue Acts
- List of Inland Revenue Publications as at April 1992