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
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,
- tax information exchange agreements (TIEAs),
- reciprocal arrangements and
- other agreements.
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 treaties online website, and is updated every six months. On rare occasions negotiations will not be shown where 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 firstname.lastname@example.org.
National interest analysis and Select Committee consideration
Since 2002, DTAs, protocols and TIEAs have been subject to Parliamentary treaty examination (Parliament’s Standing Orders 397-400). 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.
New Zealand has a network of 40 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 protocols in 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:
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:
These reciprocal arrangements may modify the tax treatment of some international transactions:
New Zealand is a party to OECD's:
- Convention on Mutual Administrative Assistance in Tax Matters;
- Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS.
United States Intergovernmental Agreement (FATCA)
New Zealand has an intergovernmental agreement with the United States for their Foreign Account Tax Compliance Act (FATCA). This helps financial institutions minimise their compliance costs in meeting FATCA's reporting requirements.
Automatic Exchange of Information (AEOI) and Common Reporting Standard (CRS)
Although not represented by any specific treaty, the AEOI initiative provides for the exchange of FATCA-type information under the OECD Convention on Mutual Administrative Assistance in Tax Matters and under some DTAs. The CRS sets out the international rules for the collection and reporting of this information.