Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Tax treaties

We advise the Government on international tax issues and are involved with the development and implementation of New Zealand's international tax legislation. This includes negotiating and bringing into force New Zealand's double tax agreements (DTAs) and protocols[1], tax information exchange agreements (TIEAs) and reciprocal arrangements.

Current negotiations

Information about current negotiations and the progress of tax treaties towards entry into force are provided for each type of agreement. This information is also summarised on the Ministry of Foreign Affairs and Trade's international treaties list, and is updated every six months. On rare occasions negotiations might not be shown if the other country has not given permission for the negotiations to be made public. If you are interested in submitting comments on any negotiation in progress email your submission to policy.webmaster@ird.govt.nz.

National interest analysis and Select Committee consideration

Since 2002, DTAs, protocols and TIEAs have been subject to Parliamentary treaty examination (Parliament’s Standing Orders 394-397). This involves a Select Committee considering a national interest analysis. For treaties with regulatory impacts, the national interest analysis must cover all of the requirements normally considered in a regulatory impact statement. The national interest analysis is published as part of the Select Committee report back to the House, and links to these reports are included on each country's tax treaty web page.

Double tax agreements

New Zealand has a network of 39 DTAs in force with its main trading and investment partners. DTAs reduce tax impediments to cross-border trade and investment and assist tax administration. To find out more about DTAs see the role of double tax agreements.

New Zealand has DTAs and protocolsin force with:

New Zealand has DTAs or protocols that are signed, but not yet in force, with:

   

New Zealand is currently negotiating DTAs or protocols with:

  • Austria (2nd Protocol)
  • Belgium (3rd Protocol)
  • China (DTA)
  • India (3rd Protocol)
  • Luxembourg (DTA)
  • Netherlands (Protocol)
  • Norway (DTA)
  • Portugal (DTA)
  • Samoa (DTA)
  • United Kingdom (DTA)

Tax information exchange agreements

TIEAs allow the exchange of information for tax purposes between two jurisdictions.

New Zealand has TIEAs in force with:

New Zealand has TIEAs that are signed, but not yet in force, with:

New Zealand is currently negotiating TIEAs with:

  • Antigua and Barbuda
  • Aruba
  • Grenada
  • Macao
  • Monaco
  • Montserrat
  • Nauru
  • St Lucia
  • Seychelles

United States Intergovernmental Agreement (FATCA)

New Zealand has entered into an agreement with the United States which will help minimise compliance costs for financial institutions in meeting United States reporting requirements.

Multilateral conventions

New Zealand is also party to the following multilateral convention:

Convention on Mutual Administrative Assistance in Tax Matters

Reciprocal arrangements

These reciprocal arrangements may modify the tax treatment of some international transactions:

 

1 A protocol is a treaty that clarifies, implements or modifies the provisions of another treaty.