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Base Erosion and Profit Shifting (BEPS) disclosure

The Taxation (Neutralising Base Erosion and Profit Shifting) Act 2018 made a series of changes to New Zealand's international tax rules as a domestic law response to the OECD/G20 Base Erosion and Project Shifting (BEPS) project.

To support the new BEPS rules, including the expanded information collection powers applying to large multinational groups, we have introduced the BEPS disclosure. You should complete this if the hybrid and branch mismatch rules, or interest limitation rules, apply to you in income years beginning on or after 1 July 2018 (the general application date for the BEPS rules).

The BEPS disclosure must be completed in myIR. You can log in or register for an account through our website. To find the disclosure, go to your Income Tax account. Under the Periods tab, select the year for which you want to make the disclosure. On the right-hand side under I want to..., choose Submit BEPS disclosure.

To help you determine if you need to make a BEPS disclosure, and for assistance in completing the disclosure, we have prepared a guidance document.

BEPS disclosure guidance
PDF | 238kb | 9 pages

You can work out your BEPS disclosure information using the IR1250 form

In relation to the hybrid and branch mismatch rules, the Hybrids compliance and disclosure table may also assist you in determining if you need to make a BEPS disclosure.

Hybrids compliance and disclosure table
PDF | 195kb | 6 pages

For further guidance, read the Final special reports on BEPS.