New Zealand Consults on New Transfer Pricing, PE Avoidance, and Thin Cap Rules to Address BEPS and Signature of BEPS Multilateral Instrument

On 3 March 2017, New Zealand Inland Revenue's Policy and Strategy group announced the release of three consultation documents on addressing BEPS. The documents and their proposals are summarized as follows:

BEPS – Transfer Pricing and Permanent Establishment Avoidance

This consultation document includes a number of proposed rules/requirements, including:

• A new anti-avoidance rule for large multinationals (over EUR 750 million consolidated global turnover) that structure to avoid having …