Inland Revenue has formally launched its 2015/16 Multinational Enterprises Compliance Focus guide.
This latest version updates the 2013/14 document. It provides insights into Inland Revenue’s monitoring of all New Zealand businesses. This includes the Commissioner’s view of:
- Tax governance and control structures.
- Compliance with international tax regimes, including transfer pricing, cross-border financing and controlled foreign company (“CFC”) rules.
- Responses to Base Erosion and Profit Shifting (“BEPS”) developments, both in New Zealand and internationally.