New Zealand: No adoption of Amount B
New Zealand will not adopt the OECD’s approach to in-country baseline marketing and distribution activities under Amount B
New Zealand will not adopt the OECD’s approach
Inland Revenue confirmed that New Zealand will not adopt the OECD’s simplified and streamlined approach to in-country baseline marketing and distribution activities under Amount B, which now forms part of the OECD Transfer Pricing Guidelines. Read TaxNewsFlash
KPMG observation
New Zealand’s decision is not unexpected due to its relatively mature transfer pricing regime that is based on OECD principles with appropriate safe harbors to allow smaller distributors to manage compliance costs.
Read a February 2024 report prepared by the KPMG member firm in New Zealand
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