Volume: 29, Issue: 06 (2017)
Volume: 29, Issue: 06 (2017)
Threshold set for disclosure of significant tax debts
Description: A threshold for the disclosure of significant tax debts to approved credit reporting agencies has been set at $150,000. The threshold was set by Order in Council on 29 May 2017. Updated:
Reference:
2017_29_06_001
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IS 17/05: Income tax - treatment of New Zealand patents
Description: Updated:
Reference:
2017_29_06_002
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QB 17/04: Goods and services tax - whether a racing syndicate can be a registered person
Description:
Categories:
GOODS AND SERVICES TAX
RACING
REGISTERED PERSON
SYNDICATE
Legislation:
Updated:
Reference:
2017_29_06_003
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Commissioner's operational position on horse racing syndicates incorrectly registered for GST
Description: The purpose of this item is to inform taxpayers of the operational position being adopted by the Commissioner in relation to this matter. The Commissioner has released QB 17/04 Goods and Services Tax - Whether a racing syndicate can be a registered person. This Question Weve Been Asked (QWBA) confirms the Commissioner's view on when a horse racing syndicate can register for GST.
Categories:
GOODS AND SERVICES TAX
RACING
REGISTERED PERSON
SYNDICATE
Legislation:
Updated:
Reference:
2017_29_06_004
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QB 17/05: Income tax - whether YouTube receipts are taxable
Description: This QWBA considers the income tax treatment of YouTube receipts. It does not consider the GST treatment of YouTube receipts. It also does not consider source or residence issues related to YouTube receipts. It is assumed that the recipient is a New Zealand resident for income tax purposes. Updated:
Reference:
2017_29_06_005
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General Depreciation Determination DEP98: Kiwifruit overhead mesh shelters
Description: Updated:
Reference:
2017_29_06_006
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General Depreciation Determination DEP99: Campervans and Motorhomes
Description: Updated: 15 / 02 / 2019
Reference:
2017_29_06_007
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Determination CRS 2017/001 - Members account in a KiwiSaver scheme (excluded account)
Description: Updated:
Reference:
2017_29_06_008
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Determination CRS 2017/002 - KiwiSaver scheme (non-reporting financial institution)
Description: Updated: 15 / 02 / 2019
Reference:
2017_29_06_009
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Reportable jurisdictions for the CRS applied standard
Description: Updated:
Reference:
2017_29_06_010
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Participating jurisdictions for the CRS applied standard
Description: Updated:
Reference:
2017_29_06_011
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Appeal against partial strike-out dismissed
Description: Chatfield & Co Ltd and Chatfield & Co (collectively Chatfield) applied to judicially review a decision of the Commissioner of Inland Revenue ('the Commissioner') to issue 15 Notices to Furnish Information under s 17 of the Tax Administration Act 1994 ('the TAA') ('the Notices'). In September 2016 the High Court struck out most of Chatfield's claims (Chatfield & Co Limited v Commissioner of Inland Revenue [2016] NZHC 2289, (2016) 27 NZTC 22-072). Chatfield appealed. On 1 May 2017 the Court of Appeal ('the Court') dismissed the appeal.
Categories:
DOUBLE TAXATION AGREEMENT
Referenced Entities:
Updated:
Reference:
2017_29_06_012
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Court of Appeal finds High Court has no jurisdiction to approve a payment proposal under s 29(1)(b)(iii) of the Insolvency Act 2006
Description: The Court of Appeal allowed the Commissioner of Inland Revenue's ('Commissioner') appeal, finding that the High Court has no jurisdiction, neither inherent nor express under s 29(1)(iii) of the Insolvency Act 2006 ('the Act') to approve a payment proposal in the context of an application by a judgment debtor to set aside a bankruptcy notice. Updated:
Reference:
2017_29_06_013
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