Contents
Annual rates for 2020 - 21
Feasibility expenditure
Land
- Habitual buying and selling of land
- Cost of revenue account property
- Content of the land transfer tax statement
Purchase price allocation
Other policy items
- GST on outbound mobile roaming services
- Income tax treatment of leases subject to NZ IFRS 16
- Schedule 32 overseas donee status
- GST credit notes
- Portability of Australian unclaimed superannuation money
- Mycoplasma bovis tax issue
Remedial items
- Amendment to definition of eligible R&D expenditure
- Mining development activities exclusion
- Amendment to tangible depreciable property exclusion
- Other amendments to schedule of excluded expenditure
- Criteria and methodologies application due date change
- More time to consider requests to increase R&D claims
- Confirming Housing New Zealand Build Limited subject to income tax
- Changing the due date for locked-in portfolio investment entities
- PIE investor interest exemption for lines trusts
- Custodial institutions: application of definition to fixed establishments
- Custodial institutions: non-resident withholding tax obligation
- Beneficiaries as settlors
- Settlor of a trust migrating to New Zealand
- Nominee treatment for trustee of exempt employee share scheme
- Disposal of company’s own shares by employee share scheme trustee
- Use of pre-consolidation imputation credits
- Compulsory zero-rating of commercial land leases
- Clarifying that dividends are derived on a cash basis
- Non-resident contractors’ tax
- Restricted transfer pricing: third party test for exotic features
- Thin capitalisation remedials
- NRFAI deferral calculation formula consequential amendment
- Fertiliser costs
- Application of the minors’ income tax exemption to minor beneficiary income
- NZ superannuitants and the end of year auto-calculation process
- Removal of the three-yearly parental tax credit review
- Bringing KiwiSaver employer contributions into the penalties, recovery and use-of-money interest regimes
- Amend the definition of deferrable tax
- Restricting the ability to challenge a tax position
- Aligning the definition of benefit
- Clarifying the Commissioner’s powers to take copies of documents