On 27 December 2019, the Double Taxation Agreement (DTA) between China and New Zealand was entered into force and applies from 1 January 2020. From this date, the new DTA will replace the existing DTA of 1986. The DTA contains Dividends rate 5% for at least 25% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 10%.
Related Posts
New Zealand’s Minister of Revenue has introduced a tax policy work programme on 13 November 2024, which aims to simplify tax and reduce compliance costs, address integrity risks, and improve fiscal sustainability to rebuild the economy. The
Read More
New Zealand Inland Revenue has initiated a public consultation on a draft Interpretation Statement (IS) regarding Tax Residence, which clarifies the tax residence rules under the Income Tax Act 2007 for individuals, companies, and trusts. The
Read More
Officials from China and Peru will convene from 19 to 22 November 2024 for the second round of negotiations regarding an income tax treaty. This treaty seeks to prevent double taxation and tax evasion, promoting economic integration between the
Read More New Zealand and the six-nation Gulf Cooperation Council (GCC) have concluded negotiations on a trade agreement that will open up significant opportunities for New Zealand exporters in the Gulf region, Minister for Trade and Agriculture Todd McClay,
Read More The Government of New Zealand has released a consultation paper, seeking public feedback on a proposed approved information sharing agreement (AISA) between Inland Revenue and the Ministry of Business, Innovation and Employment (MBIE). The AISA
Read More
The European Commission announced a definitive countervailing duty on imports of new battery electric vehicles (BEVs) from China. This decision was published in the Official Journal of the European Union (OJEU) as the Commission Implementing
Read More
