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Tax update 2016 / by Mike Hadwin

By: Hadwin, Mike.
Publisher: Dunedin, N.Z. : TEO Training, 2016Description: 85 p. ; 30 cm.Subject(s): New Zealand | Small and medium enterprises | GST | Tax law | Tax cases | Income tax | Tax avoidance | Land tax | Directors
Contents:
NEW LEGISLATION: Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill -- Taxation (Transformation: First Phase Simplification and Other Measures) Bill -- Tax Administration Amendment Act 2015 -- Taxation (Bright-line Test for Residential Land) Act -- Taxation (RLWT, GST on Online Services, and Student Loans) Bill. TAX CASES: AAA Developments (Ormiston) Limited v C of IR - 23 September 2015 - Expenses after business ceased -- NZTRA 12 - 27 July 2015 - Treatment of unidentified deposits -- NZTRA 10 - 29 June 2015 - Treatment of management fees journaled -- C of IR v Trustpower Ltd - 19 June 2015 - Are resource consents capital expenditure? IRD STATEMENTS: Br Pub 15/11 - Exclusion from FBT for car parks provided on an employer's premises -- Br Pub 15/10 - GST & directors' fees -- BR Pub 15/04 to 09 - Interest deductibility borrowing to replace & repay amounts invested in a business or other income-earning activity -- BR Pub 15/03 - GST on legal services provided to non residents for transactions involving land in NZ -- IS 15/01 - Tax exempt scholarships and bursaries -- OS 15/01 GST and the costs associated with mortgagee sales -- SPS 15/03 - Writing off outstanding tax -- SPS 15/02 - Remission of penalties & use-of-money interest -- SPS 15/01 - Finalising agreements in tax investigations -- QB 15/15 - Income tax treatment of first aid allowances -- QB 15/13 - Deductibility of the cost of acquiring an option to acquire revenue account land -- QB 15/11 - Scenarios on tax avoidance -- QB 15/10, 09, 06 & 05 - Income tax & FBT treatment of insurance in an employment situation that benefits the employee -- QB 15/04 - Taxation of income from major development or division of land - is it possible that the disposal will not give rise to income? -- QB15/02 - Taxation of income from major development or division of land - what is significant expenditure? -- QB 15/01 - Tax avoidance and debt capitalisation -- Authority to act as an agent.
Summary: Examines the major income tax and GST changes of the 2015 year that might have an impact on SME businesses. Includes a review of relevant new legislation, tax cases that involve interpretation of the law or practice, and a variety of IRD statements.
Item type Home library Call number Status Date due Barcode Item reserves
Book Book New Zealand
412.03 TAX (Browse shelf) Available CA009434
Book Book New Zealand
412.03 TAX (Browse shelf) Available CA009433
Total reserves: 0

NEW LEGISLATION: Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill -- Taxation (Transformation: First Phase Simplification and Other Measures) Bill -- Tax Administration Amendment Act 2015 -- Taxation (Bright-line Test for Residential Land) Act -- Taxation (RLWT, GST on Online Services, and Student Loans) Bill. TAX CASES: AAA Developments (Ormiston) Limited v C of IR - 23 September 2015 - Expenses after business ceased -- NZTRA 12 - 27 July 2015 - Treatment of unidentified deposits -- NZTRA 10 - 29 June 2015 - Treatment of management fees journaled -- C of IR v Trustpower Ltd - 19 June 2015 - Are resource consents capital expenditure? IRD STATEMENTS: Br Pub 15/11 - Exclusion from FBT for car parks provided on an employer's premises -- Br Pub 15/10 - GST & directors' fees -- BR Pub 15/04 to 09 - Interest deductibility borrowing to replace & repay amounts invested in a business or other income-earning activity -- BR Pub 15/03 - GST on legal services provided to non residents for transactions involving land in NZ -- IS 15/01 - Tax exempt scholarships and bursaries -- OS 15/01 GST and the costs associated with mortgagee sales -- SPS 15/03 - Writing off outstanding tax -- SPS 15/02 - Remission of penalties & use-of-money interest -- SPS 15/01 - Finalising agreements in tax investigations -- QB 15/15 - Income tax treatment of first aid allowances -- QB 15/13 - Deductibility of the cost of acquiring an option to acquire revenue account land -- QB 15/11 - Scenarios on tax avoidance -- QB 15/10, 09, 06 & 05 - Income tax & FBT treatment of insurance in an employment situation that benefits the employee -- QB 15/04 - Taxation of income from major development or division of land - is it possible that the disposal will not give rise to income? -- QB15/02 - Taxation of income from major development or division of land - what is significant expenditure? -- QB 15/01 - Tax avoidance and debt capitalisation -- Authority to act as an agent.

Examines the major income tax and GST changes of the 2015 year that might have an impact on SME businesses. Includes a review of relevant new legislation, tax cases that involve interpretation of the law or practice, and a variety of IRD statements.

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