New Zealand: Inland Revenue issues updated information on R&D tax incentives

15 December, 2019

On 29 November 2019, Inland Revenue of New Zealand has issued updated research and development (R&D) information and draft guidance on the latest proposals. The R&D tax incentives are included in the Taxation (KiwiSaver, Student Loans, and

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New Zealand: Inland Revenue updates its compliance focus on MNEs

18 November, 2019

On 1 November 2019, the Inland Revenue has published a document setting out its compliance focus in respect of Multinational Enterprises (MNEs). The document aimed to make tax compliance more transparent for businesses and provide transparency and

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New Zealand: Inland Revenue clarifies about BEPS disclosure requirement

03 November, 2019

Recently, the New Zealand's Inland Revenue has introduced the Base Erosion and Profit Shifting (BEPS) disclosure requirement to support the new BEPS rules, including the expanded information collection powers applying to large multinational groups.

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New Zealand: DTA signs with Switzerland

12 August, 2019

On 8 August 2019, officials from New Zealand and Switzerland signed an amending protocol to update the Double Taxation Agreement (DTA) between them in accordance with BEPS

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New Zealand: Inland Revenue publishes revised transfer pricing regime

28 May, 2019

On 29 April 2019, Inland Revenue published the final versions of the special reports on the new rules for base erosion and profit shifting (BEPS). The rules were enacted in the Taxation (Neutralising Base Erosion and Profit Shifting) Act 2018 on 27

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Japan: Tax authorities publishes the synthesized text with Israel, New Zealand, Poland, Slovakia, Sweden and the UK

08 November, 2018

Recently, the Japanese tax authorities published the synthesized text of the Japanese tax treaties with Israel, New Zealand, Poland, Slovakia, Sweden and the United Kingdom (UK) as modified by the MLI. The synthesized text reflects the agreement

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New Zealand-Sweden: Deposit ratification instrument for BEPS MLI

27 July, 2018

New Zealand and Sweden deposited their ratification certificates on 27th June and 22nd June 2018, respectively for the multilateral agreement on the implementation of tax-relevant measures to prevent erosion and profit shifting (MLI). The MLI will

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New Zealand’s taxation act regarding Neutralising Base Erosion and Profit Shifting receives royal assent

20 July, 2018

New Zealand's Taxation (Neutralising Base Erosion and Profit Shifting) Act received royal assent on 27 June 2018. The main measures of the Act are summarized as follows: CbC reporting requirement: According to the published guidance on

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New Zealand: Budget for 2018

27 May, 2018

On 17th May 2018, Finance Minister submitted New Zealand’s Budget for 2018 in the Parliament. The Budget process allows the government to: set its fiscal objectives in respect of revenue, expenditure, debt repayment and investment; maintain

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New Zealand: Government releases R&D tax incentive discussion document

29 April, 2018

Government has announced its intention to introduce a research and development tax incentive in April 2019 to help more businesses undertake a greater amount of R&D on 19th April 2018. The Ministry of Business, Innovation and Employment, Inland

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New Zealand: Government drafting amendments to transfer pricing rule

25 February, 2018

On 14th February 2018 government announced that it will recommend a change to transfer pricing provisions in a bill designed to lessen tax avoidance by multinationals. This bill concerns the new rule to limit the rate of deductible interest on

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New Zealand: A tax bill regarding BEPS introduces in Parliament

20 December, 2017

A tax bill which will counter base erosion and profit shifting (BEPS) by multinational companies has been introduced into Parliament on 6th December 2017. The bill would implement the government’s policies concerning BEPS matters. The proposals

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New Zealand: A tax bill to counter tax avoidance introduces into Parliament

18 December, 2017

On 6 December 2017, a tax bill to counter tax avoidance has been introduced into New Zealand’s Parliament by multinational companies and Minister of Revenue also published its commentary on the bill. Most provisions would enter into effect July

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New Zealand: The Council strengthens smokefree policy

29 October, 2017

Auckland Council has strengthened their Smokefree Policy to make all al fresco dining on footpath and Beaches areas smokefree. The new policy, which will come into effect from November 2017, requires all cafés and restaurants with licenses to

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India: Protocol amending DTA with New Zealand enters into force

08 September, 2017

On 7 September 2017, the amending protocol of Double Taxation Agreement (DTA) between India and New Zealand was entered into force and it was applied from 7 September

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New Zealand: Government announces BEPS decisions

12 August, 2017

The Finance Minister and Revenue Minister have announced the Government’s final decisions on proposals to address base erosion and profit shifting (BEPS) on 3rd August 2017. In combination the new measures will: Stop foreign parents charging

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New Zealand-Hong Kong: Protocol to tax treaty updated

21 July, 2017

Revenue Minister has signed a new tax protocol between New Zealand and Hong Kong on 28th June 2017. The protocol updates the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax matters

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Hong Kong signs AEOI agreement with New Zealand

17 July, 2017

Hong Kong has signed an agreement with New Zealand for conducting automatic exchange of financial account information in tax matters (AEOI), a Government spokesman said on July 14, 2017. The spokesman added that they have been seeking to expand Hong

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