Tax Alert 

Compliance Focus for Multinational Enterprises

Inland Revenue has released an updated compliance focus document (“the Document”) for multinational enterprises.  Although the Document is targeted at multinational enterprises, it will also have relevance for New Zealand based enterprises expanding offshore and high-wealth individuals with complex affairs.

Its three years since this document was last updated and in that time a lot has happened, particularly with a lot of progress made on the Base Erosion and Profits Shifting project (commonly known as BEPS), New Zealand’s response to it and the misconceptions being perpetuated by some in the media.

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Also in this issue

• Australian GST to apply to low value goods from 1 July 2017
• PAYE Reporting proposals finalised 
• Farmers to face increased compliance costs
• Facts and figures as Inland Revenue reports on its performance
• A snapshot of recent developments