Skip to main content
Reference
PUB00305 IS
Open Date
17 Dec 2020
Closing Date
31 Mar 2021
Status
Consultation closed

Tax avoidance and the interpretation of the general anti-avoidance provisions sections BG 1 and GA 1 of the Income Tax Act 2007

The draft interpretation statement explains the Commissioner’s view of the law on tax avoidance in New Zealand.  Section BG 1 is the general anti-avoidance provision in the Income Tax Act 2007.  Section GA 1 enables the Commissioner to make adjustments as a result of the application of section BG 1.  The draft statement is also relevant to the general anti-avoidance provision in the Goods and Services Tax Act 1985 (section 76).  The interpretation statement is accompanied by an information sheet.

When finalised, the Interpretation Statement will replace the current statement IS 13/01:Tax avoidance and the interpretation of sections BG 1 and GA 1 of the Income Tax Act 2007Tax Information Bulletin Vol 25, No 7 (August 2013): 4.