Significant and complex changes are coming, faster than we think they should, to New Zealand’s tax rules governing cross-border relationships. In this special edition of Tax Tips, we provide an update on the Government’s recently-released policy decisions on new BEPS-related measures. We also highlight several key aspects of the Multilateral Instrument recently signed by the Government along with 75 other countries. People who need to be across the key changes are those involved in businesses operating both in New Zealand and overseas as they are likely to be affected by some, if not all, of the new rules.
Download the latest Tax Tips Alert for a full summary of the latest key BEPS developments in New Zealand.
Last week, the Finance and Expenditure Committee (FEC) reported the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill (the Bill)...
We have received confirmation that New Zealand will not adopt “Amount B” under the OECD’s proposed Pillar One transfer pricing methodology. Instead, New Zealand...
Many New Zealanders rent out a holiday home, or parts of their home, for short-stay holiday lets.
The previous Government introduced the Digital Services Tax Bill to Parliament in August 2023. The Bill proposes to tax the digital economy unilaterally if...
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