New Zealand and the UK resumed negotiations in March 2025 to finalise a new Double Tax Agreement (DTA) aimed at addressing income and capital gains tax matters.
The objective is to replace the existing DTA, which was signed in 1983, with an updated agreement that reflects modern tax standards and enhances efforts to prevent double taxation and fiscal evasion.
This initiative involves amending or replacing the Convention between the Government of New Zealand and the Government of the United Kingdom of Great Britain and Northern Ireland concerning the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains.
The negotiation process began with an initial round in March 2020, followed by a second round in October 2023 and a third in February 2024.
