New Zealand Publishes Operation Statement on Administration of the Imported Mismatch Rules

New Zealand Inland Revenue has published Operational Statement OS 21/02 concerning the administration of the imported mismatch rule – section FH 11. The statement is intended to clarify the Commissioner's expectations as to how taxpayers will meet their self-assessment obligations when applying the imported hybrid mismatch rule in section FH 11 of the Income Tax Act 2007 to payments to members of their control group, and how the rule will be administered by Inland Revenue in relation to such…