PUB00305: 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 2007, Tax Information Bulletin Vol 25, No 7 (August 2013): 4.
Deadline for comment: 18 February 2021
PUB00305 - draft interpretation statement (PDF | 137 pages | 1,819 KB)
PUB00305 - information sheet for the interpretation statement (PDF | 5 pages | 245 KB)