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Tax Administration Act 1994

Miscellaneous

226G: Application of changes to commentary or guidance relating to global anti-base erosion model rules

You could also call this:

"Rules about changes to global tax rules and how they apply"

Illustration for Tax Administration Act 1994

You can find rules about changes to commentary or guidance on global anti-base erosion model rules. The Governor-General can make regulations on the recommendation of the Minister of Revenue. These regulations can decide if a change applies or not. You can see that regulations can also change, extend, limit, suspend, or cancel earlier regulations. Regulations made under this section are secondary legislation, which means they have to be published in a certain way, as outlined in Part 3 of the Legislation Act 2019. This helps you understand how these regulations work. These rules are part of the law, and they help with the interpretation or administration of the global anti-base erosion model rules developed by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, also known as the Inclusive Framework. The OECD publishes the commentary and guidance on these rules. You can look at the rules to see how they apply to you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1019965.

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Part 13Miscellaneous

226GApplication of changes to commentary or guidance relating to global anti-base erosion model rules

  1. The Governor-General may, by Order in Council made on the recommendation of the Minister of Revenue, make regulations providing for—

  2. the non-application of a change to—
    1. the commentary to the global anti-base erosion model rules developed by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (the Inclusive Framework) and published by the OECD; or
      1. guidance on the interpretation or administration of the global anti-base erosion model rules issued by the Inclusive Framework and published by the OECD:
      2. a period for which a change referred to in paragraph (a) does not apply.

        1. A regulation may provide for the change, extension, limitation, suspension, or cancellation of an earlier regulation.

        2. Regulations made under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

        Notes
        • Section 226G: inserted, on , by section 158 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).