TIB - February 2004

Binding rulings

• Product Ruling: BR PRD 03/18
• Product Ruling: BR PRD 03/19

Legislation and determinations

• Livestock values: 2004 national standard costs for specified livestock

Legal decisions - case notes

• Proceeds of crime and its income tax and GST implications: Case W27, TRA decision 053/02
• Warranty repair payments by a foreign manufacturer and the GST consequences: Motorcorp Holdings Ltd and Ors v CIR
• Final decision - reassessment of time-barred year: 049/02
• Use of trading trusts and tax avoidance: TRA 004/2000 and 005/2000
• Witness summons set aside: TRA decision 001/04
• Discovery issues in JG Russell template cases: TRA decisions 002/04 - 006/04

Questions we've been asked

• Disputing or challenging a PAYE determination made under section NC 1(2) of the Income Tax Act 1994
• Section 138M, Tax Administration Act 1994 - Wrong PAYE deduction determination a ground for challenge

New legislation

• Major policy issues
  • New GST rules for financial service providers
  • GST on imported services: reverse charge introduced
  • Trans-Tasman imputation
  • Imputation grouping
  • Deferred deduction rule

• Other policy issues

• Remedial issues

Other legislation

• NZAID grants transferred to overseas development programmes