New Zealand Provides Update on Status of Two-Pillar Solution Including Non-Application of Amount B Transfer Pricing Approach

The New Zealand Inland Revenue Department has published an update on the status of the OECD's two-pillar solution and its adoption in New Zealand, including that New Zealand has not opted to apply the Amount B simplified approach to transfer pricing for baseline marketing and distribution activities. It is also noted that Amount A is not yet finalized and New Zealand has not yet implemented the Pillar 2 GloBE Rules.

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OECD/G20 Inclusive Framework Two-Pillars Solution

The OECD/G20 Inclu…