New Zealand held talks with Croatia in March 2025 to begin negotiations for a new income tax treaty. In January 2025, it also held a third round of talks with Germany to update their 1978 tax treaty, aiming to align it with OECD/G20 BEPS standards.
A treaty is a formal agreement made through negotiation between two or more parties. It is often used between countries or governments and is usually written down, signed by authorised representatives, and approved by each side.
Treaties can also be private agreements between individuals or groups. The term can refer to both the agreement itself and the document that records it. More generally, it can also mean the act of negotiating or discussing terms.
