The latest issue of the Tax Information Bulletin Vol 22, No 6 (July 2010) is now available at www.ird.govt.nz/tib

 

In this issue you can read about:

– determinations on use of fair dividend rate method for a type of attributing interest in a foreign investment fund; and categories of taxpayers who need to request a personal tax summary

– 2010 review of the Commissioner’s mileage rate

 

– interpretation statement on GST time of supply and payments of deposits

 

– questions on GST apportionment of the cost of bare land for the purposes of a change-in-use adjustment; and shortfall penalty for evasion or a similar act

 

– Government consultation about tax.

 

Plus these case notes: High Court finds tax avoidance in an arrangement to develop and sell software; Judicial review: The Commissioner’s powers under sections 16 and 16B of the Tax Administration Act 1994.