Draft legislation has been introduced to substantially amend the transfer pricing rules in New Zealand, as part of the Government’s wider BEPS tax reform package.
The changes are intended to align the New Zealand transfer pricing rules to be more consistent with the OECD transfer pricing guidelines (in particular the changes made as part of OECD BEPS Actions 8-10) and with the Australian regime. Notably, the changes will require that transactions align with arm’s length “conditions”, will reference the OECD Guidelines (including the ability by Inland Revenue to recharacterise or ignore transactions in certain circumstances) and the taxpayer will bear the onus of proof in transfer pricing cases. Additionally a special interest rate restriction rule will apply. The new rules will apply to transactions as early as 1 July 2018 for June balance date companies.
This webinar will:
14 June 2018
This seminar is intended for those involved in a finance or tax role where cross border transactions exist. This includes practitioners who advise such clients. A high level of expertise or knowledge of transfer pricing is not a pre-requisite.
Mark Loveday, International tax/transfer pricing partner, EY
1.25 CPD Hours