by Munro Benge | Oct 11, 2018 | GST, Technical Updates
In a test case involving stakes payments in the racing industry, the High Court has held that the Canterbury Jockey Club Inc (the Club) was entitled to GST input tax deductions for stakes payments paid to GST-registered trainers and jockeys in horse races conducted by...
by Munro Benge | Sep 12, 2018 | GST, Technical Updates
The Taxation Review Authority (TRA) has dismissed a taxpayer’s challenge and confirmed the Commissioner’s assessments relating to PAYE obligations and income tax and GST liabilities. The background Between 1972 and 1994, the taxpayer was a sole trader trading as XYZ....
by Munro Benge | Jul 2, 2018 | GST, Newsletters, Technical Updates
On 26 June 2018, Inland Revenue released two Questions We’ve Been Asked (QWBA) explaining when a parent’s payment to a school will be a gift so that the school can issue a donation tax receipt to the parent. Also released was a public ruling relating to goods and...
by Munro Benge | Jan 31, 2018 | GST, Newsletters
IRD into Stage Two of Business Transformation IRD’s been working hard to be easier to do business with. As you read this, its new tax system is kicking in, giving you new and simpler ways to manage your GST obligations through myIR. Enhancements include the...
by Munro Benge | Dec 12, 2017 | GST, Newsletters
Provisional tax and GST are due on 15 January. The timing of these payments isn’t ideal as many of you will be indulging in the delights a summer break offers. But it’s important that you don’t neglect your tax obligations – especially as Inland Revenue will charge...
by Munro Benge | Dec 12, 2017 | GST, Newsletters
Are you planning a Christmas event for your clients? Is gift-giving on your to-do list? Take a minute to refresh yourself on what is deductible as a business related expense. Presents Are you thinking of gifts for clients, business associates or team members? If gifts...
