New Zealand Inland Revenue Publishes Guidance on Transfer Pricing Issues Arising Due to COVID-19

The New Zealand Inland Revenue has published guidance on transfer pricing issues arising in relation to the exceptional economic circumstances created by the COVID-19 pandemic.

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Exceptional economic circumstances

The COVID-19 pandemic has created exceptional economic circumstances with significant uncertainty remaining over the depth and duration of its effects.  Impacts on specific sectors and businesses have varied substantially.  Some have experienced severe red…