New bill changes thin capitalisation in New Zealand
January 05, 2011
Changes to New Zealand’s thin capitalisation rules will come into effect on April 1 2011 as part of the Taxation (GST and Remedial Matters) Act. The act will limit foreign multinationals’ scope to reduce their New Zealand tax liability.
The legislation forms part of the government’s Budget 2010 tax package, with changes for the 2011/2012 income year.
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