New Zealand issues Operational Statement on Administration of imported hybrid mismatch rule

Executive summary

The New Zealand Inland Revenue has released the final Operational Statement OS 21/02 – Administration of the imported mismatch rule – section FH 11¹ (the Operational Statement). The Operational Statement addresses the approach that taxpayers are expected to follow in meeting their self-assessment obligations when applying the imported mismatch rule and how this will be administered by Inland Revenue.

The imported mismatch rule in Section FH 11 of the Income Tax Act 2007 effe…