Tax and policy developments in New Zealand for the year of 2013 were:
Distributed the OECD tax “action plan” in response to concerns around profit shifting by multinationals, launch of the legislation containing changes to the tax treatment of employee allowances, changes to foreign superannuation plans and the thin capitalization rules and Introduced the Inland Revenue Department’s business transformation project. Further changes and policy developments may see in the tax year 2014, in particular as New Zealand prepares for a general election.
