New Determinations G9C and G14B

New determinations G9C and G14B, which cover the tax treatment of foreign denominated loans and forward contracts denominated in a foreign currency, were issued today. They allow taxpayers who have not previously elected to use the treatment prescribed by determinations G9B and G14A to do so, and replace those determinations. Determinations G9A and G14, which cover the same types of arrangements but use a different treatment, have not been replaced. For more information see Determination G9C (Financial arrangements that are denominated in a currency other than NZ dollars) and Determination G14B (Forward contracts for foreign exchange and commodities).