TIB - February 2023
New legislation
- SL2022/295 - Order in Council – Tax Administration (Regular Collection of Bulk Data) Regulations 2022
- SL2022/306 - Order in Council – Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022
- SL2022/315 - Order in Council – Taxation (Use of Money Interest Rate) Amendment Regulations (No 3) 2022
- SL2022/316 - Order in Council – Student Loan Scheme (Repayment Threshold for 2023–24 Tax Year and Subsequent Tax Years) Regulations 2022
- SL2022/342 - Order in Council – Tax Administration (Extension of Deadline for Research and Development Loss Tax Credit Statements) Order 2022
Ruling
- BR Prd 22/14: Bank of New Zealand
Determination
- TRU 22/01: Variation to s 59BA(2) of the Tax Administration Act 1994 for trustees of certain trusts that derive a small amount of income
Revenue alert
- RA 22/01: Consequences of acquiring, possessing or using electronic sales suppression tools
Questions we've been asked
- QB 22/10: Can a close company deduct interest on a shareholder loan account where the amount is not known until after balance date?
Technical decision summaries
- TDS 22/20: GST – taxable activity
- TDS 22/21: Whether subdivision was a profit-making undertaking or scheme and a taxable activity
Legal Decisions - case summaries
- CSUM 22/05: Supreme Court confirms Frucor’s tax avoidance and finds shortfall penalties apply
- CSUM 22/06: Court of Appeal confirms High Court order that backdating of child support liability was invalid