Latest Treaty Updates: New Zealand


Treaty Update: Canada - New Zealand

4/5/2012

Canada and New Zealand signed a new DTA on March 3, 2012, replacing the previous agreement dating back to 1980.


Treaty Update: Hong Kong - New Zealand

11/11/2011

The Hong Kong tax authority has confirmed that a DTA between Hong Kong and New Zealand, signed on December 1, 2010, entered into effect on November 9, 2011.


Treaty Update: New Zealand - Turkey

15/8/2011

New Zealand's Revenue Minister confirmed on August 10 that the DTA with Turkey has entered into force. The DTA will become effective for withholding taxes on January 1, 2012.


Treaty Update: Hong Kong - New Zealand

2/6/2011

The DTA was signed on December 1, 2010 and tabled at the Hong Kong Legislative Council on May 18 for negative vetting.




Treaty Updates by Territory

Latest News


New Zealand, Canada Sign DTA 3/5/2012
On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.

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New Zealand, Hong Kong DTA Enters Into Force 11/11/2011
The bilateral comprehensive double taxation agreement between Hong Kong and New Zealand, which was signed on December 1, 2010, entered into force on November 9, 2011.

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Withholding Tax Cut In NZ's DTAs with Mexico, Chile 17/8/2011
Peter Dunne, New Zealand’s Minister of Revenue, has announced new lower non-resident withholding tax rates on dividends and royalty payments under New Zealand’s double tax agreements with Chile and Mexico.

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OECD Reviews Jurisdictions' Tax Transparency 2/6/2011
The Organisation for Economic Cooperation and Development has released a series of new Peer Review reports, covering the exchange of information for tax purposes, and making recommendations for improvements in this area.

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Hong Kong Gazettes DTAs 17/5/2011
Five orders implementing the double taxation agreements with Liechtenstein, France, Japan and New Zealand, and the protocol to the agreement with Luxembourg, have been gazetted by Hong Kong’s Chief Executive under the Inland Revenue Ordinance.

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Hong Kong, New Zealand Sign DTA 2/12/2010
On December 1 in Auckland, Hong Kong’s Financial Secretary, John C Tsang, and New Zealand’s Deputy Prime Minister and Minister of Finance, Bill English (pictured), signed a bilateral double taxation agreement between their two countries.

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Updated NZ, US DTA Now In Force 17/11/2010
New Zealand’s Revenue Minister, Peter Dunne, has announced that the protocol updating the double tax agreement between New Zealand and the United States is now in force.

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New Zealand, Singapore Revised DTA In Force 13/8/2010
New Zealand’s Revenue Ministry and Singapore’s Ministry of Finance have announced that the revised double taxation agreement between the two countries came into force on August 12.

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IoM, NZ Tax Agreements In Force 2/8/2010
The Isle of Man government announced the entry into force of two tax cooperation agreements on July 27 that it had entered into with New Zealand.

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Lugar Welcomes Passage Of US Tax Treaties 20/7/2010
US Senator Dick Lugar has praised the Senate for giving its advice and consent to the US-Malta tax treaty and the protocol amending the existing US-New Zealand tax treaty.

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NZ Ratifies DTA With Singapore 14/5/2010
New Zealand’s Revenue Minister, Peter Dunne, has announced that the new double tax agreement with Singapore, which was signed in August last year, has been ratified with the signing of an Order in Council which incorporates the agreement into New Zealand law.

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New Zealand, Turkey Sign DTA 26/4/2010
New Zealand’s Prime Minister, John Key, and Turkey’s Prime Minister, Recep Tayyip Erdogan, met in Ankara on April 22 and completed various bilateral arrangements between their two countries.

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HK Expanding Treaty Network 1/4/2010
Hong Kong and Japan have negotiated a bilateral agreement for the avoidance of double taxation, which will be signed after the completion of necessary internal procedures by the respective governments. Hong Kong has also decided to proceed with negotiations towards a tax treaty with New Zealand.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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