Tax Alert

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Tax Alert 

A focus on topical tax issues - September 2017

New Zealand makes BEPS announcements

On the 5 month anniversary of the release of 3 Base Erosion and Profit Shifting (BEPS) consultation papers in March this year, the New Zealand Government has announced its considered position on what initiatives will go forward to become legislation.

Taxpayers may be disheartened by reading the media statement from the Ministers of Finance and Revenue which stated: “For the most part, the proposals will proceed as originally devised…”; however due to the consultation process there have been some pleasing refinements to the proposals, particularly around interest limitation rules.  

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Tax Alert September 2017

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