New Zealand enacts OECD GloBE (Pillar Two) rules effective 1 January 2025

01 April 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, Government & Public Sector, BEPS 2.0|New Zealand

New Zealand has enacted legislation to adopt the OECD Global Anti-Base Erosion Pillar Two rules into domestic law. Predominantly, the rules apply to fiscal years beginning on or after 1 January 2025.
The New Zealand rules apply to all multinational groups operating in New Zealand with consolidated accounting revenue exceeding €750m in at least two of the preceding four years.
The package includes an Income Inclusion Rule and an Under Taxed Profits Rule. There is no Qualifying Domestic Minimum Top-…

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