This is the first income tax treaty between Iceland and New Zealand.
Iceland and New Zealand signed an income tax treaty on 22 October 2025.
This development follows after New Zealand’s Ministry of Foreign Affairs and Trade announced that Iceland and New Zealand had concluded a second round of negotiations for an income tax treaty in February 2025.
This is the first income tax treaty between the two countries and is intended to eliminate double taxation, combat tax evasion, and prevent the avoidance of income taxes, fostering fair and transparent taxation between New Zealand and Iceland.
The agreement will take effect once both countries exchange the instruments of ratification and will apply from the following year.
