On 30 August 2024, New Zealand Inland Revenue published Commissioner's statement (CS) 24/02: Withholding obligations arising in relation to transfer pricing arrangements. CS 24/02 sets out the Commissioner's position and operational approach in relation to the withholding obligations that may arise in relation to transfer pricing arrangements. In addition to the following main points, the statement also provides several examples.
---
Introduction
1. This Commissioner's Statement sets out…