The Inland Revenue of New Zealand issued Order in Council No. 2025/15 on 27 February 2025, updating the list of reportable jurisdictions for the automatic exchange of financial account information under the CRS MCAA.
The Common Reporting Standard (CRS) is a system created by the Organization for Economic Cooperation and Development (OECD) for the automatic exchange of financial account information (AEOI). It is a reporting framework that builds heavily on the intergovernmental approach used to implement the Foreign Account Tax Compliance Act (FATCA).
The regulations revise New Zealand’s list of reportable jurisdictions under the Common Reporting Standard (CRS) by including Armenia, Jordan, Rwanda, Senegal, and Tunisia, effective for reporting periods starting on or after 1 April 2024.
