The Inland Revenue Department has published draft guidance material to help taxpayers comply with the Taxation (Neutralising Base Erosion and Profit Shifting) Act 2018.

The draft guidance document covers the new rules aimed at interest limitation, hybrid mismatch arrangements, transfer pricing, permanent establishment avoidance, and administrative measures.

Inland Revenue says it is seeking public feedback on the draft. It says the feedback will be used to improve the content and presentation of the material. The finalised guidance will be published early in the new year.

The closing date for comments is 28 September 2018.