New Zealand-Sweden: Deposit ratification instrument for BEPS MLI

27 July, 2018

New Zealand and Sweden deposited their ratification certificates on 27th June and 22nd June 2018, respectively for the multilateral agreement on the implementation of tax-relevant measures to prevent erosion and profit shifting (MLI). The MLI will

See More

New Zealand’s taxation act regarding Neutralising Base Erosion and Profit Shifting receives royal assent

20 July, 2018

New Zealand's Taxation (Neutralising Base Erosion and Profit Shifting) Act received royal assent on 27 June 2018. The main measures of the Act are summarized as follows: CbC reporting requirement: According to the published guidance on

See More

New Zealand: Budget for 2018

27 May, 2018

On 17th May 2018, Finance Minister submitted New Zealand’s Budget for 2018 in the Parliament. The Budget process allows the government to: set its fiscal objectives in respect of revenue, expenditure, debt repayment and investment; maintain

See More

New Zealand: Government releases R&D tax incentive discussion document

29 April, 2018

Government has announced its intention to introduce a research and development tax incentive in April 2019 to help more businesses undertake a greater amount of R&D on 19th April 2018. The Ministry of Business, Innovation and Employment, Inland

See More

New Zealand: Government drafting amendments to transfer pricing rule

25 February, 2018

On 14th February 2018 government announced that it will recommend a change to transfer pricing provisions in a bill designed to lessen tax avoidance by multinationals. This bill concerns the new rule to limit the rate of deductible interest on

See More

New Zealand: A tax bill regarding BEPS introduces in Parliament

20 December, 2017

A tax bill which will counter base erosion and profit shifting (BEPS) by multinational companies has been introduced into Parliament on 6th December 2017. The bill would implement the government’s policies concerning BEPS matters. The proposals

See More

New Zealand: A tax bill to counter tax avoidance introduces into Parliament

18 December, 2017

On 6 December 2017, a tax bill to counter tax avoidance has been introduced into New Zealand’s Parliament by multinational companies and Minister of Revenue also published its commentary on the bill. Most provisions would enter into effect July

See More

New Zealand: The Council strengthens smokefree policy

29 October, 2017

Auckland Council has strengthened their Smokefree Policy to make all al fresco dining on footpath and Beaches areas smokefree. The new policy, which will come into effect from November 2017, requires all cafés and restaurants with licenses to

See More

India: Protocol amending DTA with New Zealand enters into force

08 September, 2017

On 7 September 2017, the amending protocol of Double Taxation Agreement (DTA) between India and New Zealand was entered into force and it was applied from 7 September

See More

New Zealand: Government announces BEPS decisions

12 August, 2017

The Finance Minister and Revenue Minister have announced the Government’s final decisions on proposals to address base erosion and profit shifting (BEPS) on 3rd August 2017. In combination the new measures will: Stop foreign parents charging

See More

New Zealand-Hong Kong: Protocol to tax treaty updated

21 July, 2017

Revenue Minister has signed a new tax protocol between New Zealand and Hong Kong on 28th June 2017. The protocol updates the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax matters

See More

Hong Kong signs AEOI agreement with New Zealand

17 July, 2017

Hong Kong has signed an agreement with New Zealand for conducting automatic exchange of financial account information in tax matters (AEOI), a Government spokesman said on July 14, 2017. The spokesman added that they have been seeking to expand Hong

See More

New Zealand updates TIEAs with 6 countries

09 July, 2017

Inland Revenue of New Zealand has updated tax information exchange agreements (TIEAs) with the following jurisdictions: Agreement with Entered into force Applies Anguilla 6-Jan-17 1-Apr-17 Bahamas 10-Jan-17 10-Jan-17 British Virgin

See More

New Zealand: Budget for 2017

15 June, 2017

The budget for 2017 was passed by Parliament on 26th May 2017. The Budget bill contains changes to tax thresholds and to Working for Families. The changes will come into effect on 1 April 2018. The changes are given below: Income tax thresholds:

See More

New Zealand signs BEPS Multilateral Instrument

12 June, 2017

On 7th June 2017 the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (referred to as the Multilateral Instrument, or MLI) was signed in Paris. This OECD measure targets base erosion and profit shifting (BEPS). It

See More

US: Government sign an arrangement with New Zealand to exchange CbC reports

11 June, 2017

The competent authorities of New Zealand and the U.S. have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of country-by-country reports is on the basis of a double tax

See More

New Zealand: Business organization endeavor progressive corporate tax

15 May, 2017

Small and medium measured organizations (SMEs) in New Zealand need the nation to change partnership charge in accordance with recent changes presented by Australia. It said that 63% of entrepreneurs support presenting a graduated organization tax

See More

New Zealand: Finance Minister releases BEPS consultation papers

15 April, 2017

The Revenue and Finance Minister on 3 March 2017 released three BEPS related consultation papers which address the issue of Base Erosion and Profit Shifting (BEPS). The consultation papers proposed new measures to strengthen New Zealand’s rules

See More