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

Korea

1981 agreement

Status: In force
Signed: 6 October 1981
In force: 22 April 1983
Effective: In New Zealand: From the income year beginning 1 April 1981.
In Korea: Income subject to withholding tax, from 1 January 1981; other provisions, from the taxation year beginning 1 January 1981.
Refer to Article 28 of the agreement.
Legislation: Double Taxation Relief (Republic of Korea) Order 1983 (New Zealand Legislation website)

Protocol to the 1981 agreement

Status: In force
Signed: 6 October 1981
In force: 22 April 1983
Effective: In New Zealand: From the income year beginning 1 April 1981.
In Korea: Income subject to withholding tax, from 1 January 1981; other provisions, from the taxation year beginning 1 January 1981.
Refer to Article 28 of the agreement.
Legislation: Double Taxation Relief (Republic of Korea) Order 1983 (New Zealand Legislation website)

Second protocol to the 1981 agreement

Status: In force
Signed: 14 July 1997
In force: 10 October 1997
Effective: 10 October 1997
Refer to Article 3 of the agreement.
Legislation: Double Taxation Relief (Republic of Korea) Amendment Order 1997 (New Zealand Legislation website)