New Zealand: New tax governance guidance
The new guidance expands on Inland Revenue’s expectations for the “building blocks” of a tax control framework.
Inland Revenue is conducting process, controls and system reviews to examine the capability of tax functions and to assess the effectiveness of tax control frameworks, and has released new guidance on what it expects to see when reviewing whether taxpayers have appropriate tax governance arrangements in place.
The new guidance expands on Inland Revenue’s expectations for the “building blocks” of a tax control framework.
The new guidance should be a prompt for all organisations to (re)evaluate the maturity of their tax governance arrangements, in preparation for greater Inland Revenue scrutiny.
Read an April 2025 report prepared by the KPMG member firm in New Zealand