TIB - October 1994

Policy statements

• Deducting sponsorship as advertising expenditure
• GST and door to door sales
• Spreading of authors’ income for tax purposes
• Ceasing to satisfy the conditions for accounting for GST on payments basis
• Tax treatment of bodies corporate which are constituted under the Unit Titles Act 1972
• Payments made by instalments - accounting for GST on payments basis
• Personal sickness or accident insurance policies and loss of earnings insurance policies (individual policies only)
• Correction - NZ Superannuitants receiving overseas government pensions

Legislation and determinations

• Paying FBT yearly - no change in base interest rate
• Budget night announcements - legislation passed
• Determination E10: persons not required to comply with section 104A of the Income Tax Act 1976
• Income Tax (Deemed Rate of Return 1993-94 Income Year) Regulations 1994

Questions we've been asked

• Income Tax Act 1976 
• Goods and Services Tax Act 1985 
• Student Loan Scheme Act 1992 
• Companies Act 1955 

Legal decisions - case notes

• Shell NZ Ltd v CIR: Payments to employees who relocate
• Coveney v CIR, Dooley v CIR, Swain &Adams v CIR: Whether a GST input tax credit can be claimed on the purchase of a farm dwelling
• TRA 93/143: Whether life insurance agent’s expenditure is deductible
• TRA 93/87: Whether penal tax charged was excessive
• TRA 93/133: Whether penal tax charged was excessive