Key transfer pricing aspects of Inland Revenue’s 2011-12 Compliance Focus report

Tax Insights ()

Inland Revenue’s recently released 2011-12 Compliance Focus report sets out the tax compliance risks of most concern to Inland Revenue, together with proposed strategies to address those risks.

As in prior years, transfer pricing is highlighted in the 2011-12 Compliance Focus report as a key risk over the next 12 months. Accordingly, it is important that New Zealand members of multinational groups have sound transfer pricing policies and maintain appropriate documentation to support their transfer pricing filing positions.