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Ann: GENERAL: NZX: Settlement of IRD tax audit

  1. 					NZX
    09/02/2015 15:36
    REL: 1536 HRS NZX Limited
    GENERAL: NZX: Settlement of IRD tax audit
    As outlined in NZX's previous financial statements, the IRD commenced a tax
    audit of NZX in November 2012. The audit has been ongoing since then and
    relates to the income tax returns for the years ended 31 December 2008 to
    2010.  As disclosed in NZX's 30 June 2014 financial statements, in March 2014
    the IRD issued Notices Of Proposed Adjustment in relation to certain items.
    NZX advises that it has agreed a settlement in principle with the IRD in
    respect of these matters.  As a result, NZX's annual financial statements for
    the year ended 31 December 2014 will include a provision of $1.2m to account
    for the tax and estimated use of money interest payable pursuant to the
    settlement.  This settlement will conclude the tax audit.
    For more information please contact:
    Kate McLaughlin
    Head of Communications
    M: 027 533 4529
    E: [email protected]
    Bevan Miller
    Chief Financial Officer
    M: 021 276 7359
    E: [email protected]
    End CA:00260416 For:NZX    Type:GENERAL    Time:2015-02-09 15:36:53

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