New Zealand Government reinstates bill introducing Pillar Two rules, following General Election

08 December 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|New Zealand

When the New Zealand Parliament resumed sitting on 6 December, the new Government chose to reinstate a bill that introduces the OECD's GloBE Pillar Two Rules into domestic law.
Although the Government has not yet made any amendments to the Bill, amendments are possible in response to public submissions received to date.
The bill is likely to progress to enactment by 31 March 2024.

Executive summary

Following the formation of a new coalition Government and the reconvening of Parliament this week, the…

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