New Zealand tells businesses to comply or face the consequences
March 18, 2009
New Zealand’s Inland Revenue Department (IRD) has followed through on its threat to get tough on transfer pricing and has warned businesses that they will be investigated if they fail to comply.
As reported last month, the IRD had promised to increase the number of risk reviews. This threat was followed by the distribution of a series of questionnaires that firms have to complete to prove their compliance with transfer pricing rules.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.