Purpose

The Practice Statements are prepared to provide direction and assistance to taxpayers alike on interpretation and application to take when performing duties or dealing with practical issues arising out of the administration of the Revenue and Customs laws. This ensures consistency and certainty on the interpretation and application of our laws which requires clarification. Practice Statements can be confidently relied upon by taxpayers in the conduct of their tax affairs.

Filter Practice Statements By Year

2017

2016

2014

2012

2011 and prior years

Reference Number	Practice Statements
60/2017	ECAL on Imported Goods
8/2017	Fringe Benefit Tax
62/2017	Tax Amnesty – Waiver of Penalties
63/2017	Tax Amnesty – Foreign Assets
58/2017	Environment and Climate Adaptation Levy on Plastic Bags
46/2017	VAT on supplies of Residential Accommodation
13/2017	Social Responsibility Tax, Environment and Climate Adaptation Levy
51/2017	Amortisation of Business Intangibles
39/2017	Dividend
26/2017	Stamp Duties
40A/2017	1% Transitional Tax on Undistributed After-Tax Profits For Tax Years Prior to 2014
3/2017	Export Income Deduction
37/2017	New Dwelling House VAT Refund
29/2017	5% Withholding Tax
45/2017	Zero Rating of Exports
47/2017	Foreign Tax Credit
48/2017	Depreciation
49/2017	Disposal of Depreciable Assets
50/2017	Methods of Income Tax Accounting
53/2017	Approved Fund
56/2017	Produce Supplier
57/2017	Bad Debts Deduction

Reference Number	Practice Statements
1/2016	Imposition and Remission of Penalties
3/2016	Administration of Export Income Deduction
6/2016	Administration of Objections to Tax Decisions
7/2016	Amendments to Tax Returns & Assessments
8/2016	Fringe Benefit Tax
9/2016	Service Turnover Tax & Environment Levy
9/2016 (Version 2)	Service Turnover Tax & Environment Levy
11/2016	Advance Tax for Companies
12/2016	Carry Forward of Losses
13/2016	Social Responsibility Tax
14/2016	Telecommunication Levy
15/2016	Credit Card Levy
21/2016	Third Party Insurance Levy
22/2016	Deductibility of Entertainment Expenses
26/2016	Stamp Duty
28/2016	Advance Tax for Soletraders and Other persons
32/2016	Tax Compliance Certificate
33/2016	Waiver of Tax during Amnesty period
34/2016	Capital Gains Tax
37/2016	VAT Refunds on New Dwelling House
38/2016	VAT on Sale of a Going Concern
40/2016	1% Transitional Tax
41/2016	Commercial Debt Forgiven
42/2016	Employment Taxation Scheme (ETS)
44/2016	Taxation of Income from Forfeited Deposits and installments on cancelled sales of Capital Assets

Reference Number	Practice Statements
0/2014	Practice Statement Developments
1/2014	Company Advance Tax Payments
24/2014	Land Sales Tax “Meaning of Substantial Development”

Reference Number	Practice Statements
1/2012	Valuation of Benefits provided to Employees under PAYE System
2/2012	Fringe Benefit Tax
3/2012	Administration of Export Income Deduction
4/2012	Company Advance Tax Payments
5/2012	Losses Carry Forward
6/2012	Social Re s ponsibility Levy
8/2012	Telecommunication Levy
9/2012	Service Turnover Tax(STT)
10/2012	Third Party Insurance Levy
11/2012	2012 Stamp Duties
15/2012	Credit Card Levy
22/2012	Deductibility of Entertainment Expenses

Reference Number	Practice Statements
0	Practice Statement Developments
1	Imposition and Remission of Penalties
2	Extension of Time and Tax Agent Lodgement Program
5	Taxable Aspect of Tax Free Zone
7	Administration of Amendments to Tax Return Assessments
10	Authority to Deal with Taxpayers
16	Liabilities and Obligations of Representatives
17	Distress and Sale for Unpaid Taxes
18	Departure Prohibition Order
19	Taxation of Trusts
20	Income T a x Anti-Avoidance Scheme
23	Taxation of Lump Sum Payments
24	Land Sales Tax “Meaning of Substantial Development”
25	Profits from Property Sales
30	Revised Valuation of Benefits under PAYE System(new)
31	2008 Tax Assessment
34	Capital Gains Tax

Last Updated - August 25, 2025

Practice Statements

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Purpose

Practice Statements

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Purpose