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New Zealand to adopt the OECD GloBE (Pillar Two) rules

|Tax Alerts, Information Reporting, Legis ...|New Zealand
New Zealand

  • Pillar Two of the OECD's Global Anti-Base Erosion rules will apply in New Zealand. The application date is to be agreed by Parliament with reference to the take up of these rules in other territories.
  • An Income Inclusion Rule and Under Taxed Profits Rule will be introduced, together with a Domestic Income Inclusion Rule. The Income Inclusion Rule will apply on or after 1 January 2024, with the intr…

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