Inland Revenue has become more active in recent times as the government has been pressing for more revenue collection and media and public attitudes harden against perceived corporate tax avoidance. This is expected to intensify in coming years.
In our experience, Inland Revenue is:
- requesting more information from businesses;
- conducting more audits;
- moving more matters to formal disputes, including litigation.
New Zealand is not alone. KPMG's International Global Tax Benchmarking Survey confirms that behaviour is changing among tax authorities worldwide. Feedback suggests that executives are finding today's tax administrations increasingly difficult to deal with.
KPMG's Tax Dispute Prevention & Resolution team can help prevent, manage and resolve tax disputes.
