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
|Item type||Home library||Call number||Status||Date due||Barcode||Item reserves|
|Book||New Zealand||412.03 TAX (Browse shelf)||Available||CA009434|
|Book||New Zealand||412.03 TAX (Browse shelf)||Available||CA009433|
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.