Microsoft NZ and IRD officially at odds over transfer pricing

Mon, 19 Nov 2018

By Paul McBeth Nov. 19 (BusinessDesk) - Microsoft New Zealand and the Inland Revenue Department are officially at odds after a lengthy audit of the software giant's local books. IRD has been auditing Microsoft's transfer pricing since at least January last year, initially covering the June 2013 to June 2015 financial years. The tax department later extended that through June 2017. Microsoft first acknowledged the audit in its 2016 annual report. In the 2018 annual report, the directors again noted that they and their legal advisers b...

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