Wednesday, 10 May 2017

New Zealand issues BEPS consultation papers

New Zealand’s Minister of Revenue and the Finance Minister on 3 March released three BEPS consultation papers that address tackling concerns about multinationals booking profits from their New Zealand sales offshore, even though the sales are driven by New Zealand-based staff; preventing multinationals from using interest payments to shift profits offshore by strengthening the interest limitation rules; and implementing the multilateral instrument to align New Zealand’s tax treaties with the OECD recommendations.

Source & more info: Deloitte