New Zealand Inland Revenue has issued Interpretation Statement (IS) 23/01: Tax avoidance and the interpretation of the general anti-avoidance provisions sections BG 1 and GA 1 of the Income Tax Act 2007. IS 23/01 replaces the prior interpretation statement issued in 2013, IS 13/01: Tax avoidance and the interpretation of ss BG 1 and GA 1 of the Income Tax Act 2007.

In connection with the new …