✨ Tax and Levy Notices
NEW ZEALAND GAZETTE, No. 71 — 6 JULY 2017
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This is a notice, made under section 91AAW(4) of the Tax Administration Act 1994, regarding a determination made by the Commissioner of Inland Revenue under section 91AAW(1) of that Act.
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Determination CRS 2017/005 was made on 29 June 2017.
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CRS 2017/005 determines that a financial account held by an employee in a share purchase scheme that is referred to in sections DC 12–DC 15 of the Income Tax Act 2007, as outlined in the scope of the determination, is an excluded account for the purposes of the CRS applied standard and the requirements under Part 11B of the Tax Administration Act 1994.
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The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 29, No. 7, of August 2017 and will also be available on the Inland Revenue website www.ird.govt.nz/technical-tax/determinations.
PATRICK GOGGIN, Group Manager, Investigations and Advice, Inland Revenue.
2017-go3457 06-07-2017 00:00
Rate of Levy Under the Commodity Levies (Winegrapes) Order 2016
Pursuant to clause 11 of the Commodity Levies (Winegrapes) Order 2016, it was resolved at a board meeting of New Zealand Winegrowers Incorporated on 22 June 2017 that:
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The levy rate on winegrapes for the levy year from 1 July 2017 to 30 June 2018 be set at the rate of 0.675% + GST as follows:
a. for winegrapes sold by or on behalf of the grower, 0.675% + GST of the farm-gate price of the grapes (unless paragraph (b) applies);
b. for winegrapes exported by or on behalf of the grower, 0.675% + GST of the free on-board value of the grapes;
c. for winegrapes made into grape juice or grape juice concentrate that is sold or exported, by or on behalf of the grower, 0.675% + GST of the notional price of the grapes. -
The notional price of grapes made into grape juice or grape juice concentrate for the year 2018 vintage will be the 75% quartile price for the region and variety concerned as determined from the previous vintage listed in the last published version of the New Zealand Winegrowers grape price data for the previous vintage (“Last Grape Price Data”).
In the event that there are no listings of the variety and region concerned in the Last Grape Price Data, the notional price will be the 75% quartile price for New Zealand for the variety concerned, as determined by the previous vintage listed in the Last Grape Price Data.
PHILIP GREGAN, Chief Executive Officer, New Zealand Winegrowers Incorporated.
2017-gs3362 06-07-2017 00:00
Rate of Levy Under the Wine (Grape Wine Levy) Order 2016
Pursuant to clause 9 of the Wine (Grape Wine Levy) Order 2016, it was resolved at a board meeting of New Zealand Winegrowers Incorporated on 22 June 2017 that the levy rate to apply to sales of grape wine, or the grape wine component of grape wine products, from 1 July 2017 to 30 June 2018 be set at the rate of 2.25 cents + GST per litre.
PHILIP GREGAN, Chief Executive Officer, New Zealand Winegrowers Incorporated.
2017-gs3364 06-07-2017 00:00
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NZ Gazette 2017, No 71
✨ LLM interpretation of page content
💰 Exemption of Financial Account from Common Reporting Standard
💰 Finance & Revenue6 July 2017
Financial Account, Exemption, Common Reporting Standard, CRS
- PATRICK GOGGIN, Group Manager, Investigations and Advice, Inland Revenue
🌾 Rate of Levy Under the Commodity Levies (Winegrapes) Order 2016
🌾 Primary Industries & Resources6 July 2017
Levy, Winegrapes, New Zealand Winegrowers Incorporated
- PHILIP GREGAN, Chief Executive Officer, New Zealand Winegrowers Incorporated
🌾 Rate of Levy Under the Wine (Grape Wine Levy) Order 2016
🌾 Primary Industries & Resources6 July 2017
Levy, Grape Wine, New Zealand Winegrowers Incorporated
- PHILIP GREGAN, Chief Executive Officer, New Zealand Winegrowers Incorporated