In New Zealand Inland Revenue's Large Enterprises Update, published 15 February 2016, Inland Revenue set out its transfer pricing focus for 2016 and announced that it will implement the standard for exchange of information on tax rulings developed as part of Action 5 of the OECD BEPS Project.

According to the update, the 2016 transfer pricing focus will be on the following:

• Unexplained tax lo…