On 27 June 2018, New Zealand's Taxation (Neutralising Base Erosion and Profit Shifting) Act received royal assent. The main measures of the Act are summarized as follows:

Hybrid and Branch Mismatch Rules

Hybrid and branch mismatch rules are introduced in line with the OECD recommendations developed as part of BEPS Action 2. The rules address:

• Hybrid financial instruments;
• Disregarded hybri…