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 - recent changes

Recent changes made to tax treaties pages.

12 September 2017

  • Updated information for the tax information exchange agreements with Dominica and San Marino – these are both now in force

7 September 2017

  • Updated information for India's third protocol - this is now in force from 7 September 2017

13 August 2017

  • Added links to the Order in Councils for India's third protocol and San Marino's tax information exchange agreement

8 August 2017

12 July 2017

  • Hong Kong - added the signed version of the second protocol between New Zealand and Hong Kong

4 July 2017

  • Hong Kong - added details for the signing of the second protocol: it was signed by Hong Kong, at Hong Kong, on 15 June 2017; and by New Zealand, at Wellington, on 28 June 2017.
  • Updated the list of current DTA negotiations to include:
    • Korea (replacement DTA)
    • Slovak Republic (new DTA)
    • Saudi Arabia (new DTA)
  • Added effective dates for TIEAs:
    • Anguilla - effective date is 1 April 2017
    • Bahamas - effective date is 10 January 2017
    • British Virgin Islands - effective date for the TIEA is 1 January 2017; effective dates for the supplementary agreement are - In New Zealand: for years of income beginning on or after 1 April 2017; In the British Virgin Islands: for years of income beginning on or after 1 January 2017
    • Saint Vincent and the Grenadines - effective date is 1 January 2017
    • Turks and Caicos Islands - effective date is 1 April 2017
    • Vanuatu - effective date is 1 January 2017

28 June 2017

  • Added details of updates made to the tax treaties section from 1 December 2016 to 26 June 2017.
  • Added details of the second protocol between New Zealand and Hong Kong. For more information see the 28 June 2017 news item New Zealand-Hong Kong tax treaty updated.
  • India - added the text for the third protocol and the national interest analysis.
  • San Marino - added the text of the tax information exchange agreement and the national interest analysis.

27 June 2017

  • India - the third protocol to the 1986 agreement was signed on 26 October 2016
  • The list of jursidictions New Zealand is currently negotiating DTAs or protocols with was updated to include:
    • Fiji (DTA)
    • Hong Kong (2nd Protocol)
  • The list of TIEAs in force was updated to include:
  • The list of TIEAs signed but not yet in force was updated to include:
  • The list of jurisidictions New Zealand is currently negotiating TIEAs with was removed as TIEAs are no longer needed with the signing of the Multilateral Convention. This list included:
    • Antigua and Barbuda
    • Aruba
    • Grenada
    • Macao
    • Monaco
    • Montserrat
    • Nauru
    • St Lucia
    • Seychelles

8 June 2017

New Zealand signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS on 8 June 2017 [7 June 2017 in Paris, France]. For more information see the 8 June 2017 news item BEPS Multilateral Instrument signed.

24 March 2017

The list of exemptions on the reciprocal arrangements for international aircraft operations page was updated:

  • Qatar was added to the list of current exemptions.
  • Samoa was removed as this is now covered by the double tax agreement.

15 March 2017

The date of entry into force for the double tax agreement with Indonesia was updated. It was previously shown as 23 June 1988. The correct date is 24 June 1988.

3 March 2017

Three consultation documents about base erosion and profit shifting issues were released. For more information see the news item, BEPS consultation documents released, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS page.

19 December 2016

A page with information on the OECD's Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS was added. For more information see the 28 November 2016 news item OECD releases text of multilateral instrument to counter base erosion and profit shifting.