The Taxation (Neutralising Base Erosion and Profit Shifting) Act 2018 made a series of changes to New Zealand's international tax rules in response to the OECD/G20's BEPS project, including expanded information collection powers applying to large multinational groups.
From the 2025 income year onwards
New Zealand's tax system operates on a self-assessment basis. To help you identify and manage BEPS issues it is best practice to use the BEPS workpaper - IR1250 April 2025 form. This form may also be used to calculate and record the thin capitalisation percentage and to record loans that are subject to the interest limitation rules (restricted transfer pricing rules).
The BEPS workpaper and guidance are below.
Our Hybrids compliance and disclosure table may also help you work out what information you need to keep relating to the hybrid and branch mismatch rules.
For the 2024 income year and earlier
If the hybrid and branch mismatch rules, or interest limitation rules, apply to you then you will need to complete a BEPS disclosure.
To help you work out if you need to make a BEPS disclosure and for help completing the disclosure, read the guidance document below.
You can complete the BEPS disclosure in myIR.
To find the disclosure, in your Income tax account:
- select 'More'.
- under 'Payments, refunds and returns' section select 'Submit BEPS disclosure',
- select 'Submit' on the year for the disclosure.