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Income Tax Act 2007

Schedule 25B: Items modifying global anti-base erosion model rules

You could also call this:

"Changes to global rules to stop companies avoiding New Zealand tax"

Illustration for Income Tax Act 2007

The Income Tax Act 2007 has some extra rules that you need to know about. These rules are called the global anti-base erosion model rules. You can find more information about these rules in s HP 3.

Some words in these rules are replaced with "New Zealand". This change happens in a few different places.

You also need to know that some parts of these rules are ignored or replaced with new information, like Articles 2.4.1 and 2.4.2, and some parts are completely disregarded, like Articles 8.1 and 8.3.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1022106.

Topics:
Money and consumer rights > Taxes
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Schedule 25: Foreign investment funds, or

"Tax rules for money invested in other countries"

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Schedule 26: Low tax jurisdictions or territories, or

"Countries with very low taxes, as listed in the Income Tax Act 2007"

25BItems modifying global anti-base erosion model rules Empowered by s HP 3

  • Each of the following formulations of wording are replaced by the words New Zealand in each place:
    1. [insert name of implementing-jurisdiction]:
      1. [insert name of implementing-Jurisdiction]:
        1. [insert name of implementing jurisdiction].
        2. Articles 2.4.1 and 2.4.2 are replaced with:
          1. Article 7.2.1(b)(i) is replaced with:
            1. Article 8.1 is disregarded.
              1. Article 8.3 is disregarded.
                1. In Article 9.3.5, in the words before the paragraphs, the words [Optional provision] are disregarded.
                  1. In Article 9.3.5(a), the words [Optional provision] are disregarded.
                    1. Article 9.4 is disregarded.
                      1. The following Article is inserted after Article 10.1.1:

                          1.