The Multilateral Tax Convention will be entered into force from March 1, 2014 for New Zealand from March 1, 2014 and it qualifies signatories to exchange tax information, and New Zealand’s Inland Revenue will be able to find assistance in collecting refined tax debts from absconding taxpayers. Canada will also apply for the Convention from March next year. It has agreed to incorporate these contractions in certain of its tax treaties and will instead continue to settle provisions on assistance in the collection of taxes on a bilateral basis.
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