New Zealand Government opts out of Pillar One, Amount B

23 February 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing, BEPS 2.0|New Zealand

New Zealand has decided not to adopt the OECD's recently published simplified and streamlined approach to in-country baseline marketing and distribution activities.
Existing transfer pricing rules and practice will continue to apply to determine arm's-length outcomes for both foreign-owned distributors operating in New Zealand and New Zealand-owned distributors operating in foreign jurisdictions.
Taxpayers, including multinationals, with a touch point to New Zealand that adopt the simplified and s…

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