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

United States of America

1982 agreement

Status: In force
Signed: 23 July 1983
In force: 2 November 1983
Effective: In New Zealand: Income subject to withholding tax, from 1 April 1984; other provisions, from the income year beginning 1 April 1984.
In the United States: Income subject to withholding tax, from 1 January 1984; other provisions, from the taxable year beginning 1 January 1983.
Refer to Article 27 of the agreement.
Legislation: Double Taxation Relief (United States of America) Order 1983 (New Zealand Legislation website)

Protocol to the 1982 agreement

Status: In force
Signed: 23 July 1983
In force: 2 November 1983
Effective: In New Zealand: Income subject to withholding tax, from 1 April 1984; other provisions, from the income year beginning 1 April 1984.
In the United States: Income subject to withholding tax, from 1 January 1984; other provisions, from the taxable year beginning 1 January 1983.
Refer to Article 27 of the agreement
Legislation: Double Taxation Relief (United States of America) Order 1983 (New Zealand Legislation website)

Second protocol to the 1982 agreement

Status: In force
Signed: 1 December 2008
In force: 12 November 2010
Effective: In New Zealand: Income subject to withholding tax, from 1 January 2011; other provisions, for income years beginning on or after 1 April 2011.
In the United States: Income subject to withholding tax, from 1 January 2011; other provisions, for taxable periods beginning on or after 1 January 2011.
Legislation: Double Taxation Relief (United States of America) Amendment Order 2009 (New Zealand Legislation website)
National interest analysis: PDF (46KB)

Intergovernmental Agreement (FATCA)

Text: Intergovernmental agreement (PDF 802KB)
Memorandum of Understanding (PDF 78KB)
Additional terms (PDF 31 KB, DOC 34 KB)[1]
Competent Authority Arrangements (CAA) for FATCA: [2]
- CAA (PDF 668 KB)
- CAA for trusts (PDF 111 KB)
Status: In force
Signed: 12 June 2014
In force: 3 July 2014
Effective: 3 July 2014
Legislation: Double Tax Agreements (United States of America - FATCA) Order 2014 (New Zealand Legislation website)
Additional
information

Additional information and guidance about FATCA is available on the main Inland Revenue website.

[1] More favourable terms notified by the United States are now part of the intergovernmental agreement (IGA), as allowed by Article 7. These terms form part of Section VI of Annex I of the IGA and are effective from 3 July 2014. (Website updated 23 March 2015. See also Tax Information Bulletin - Volume 27 Issue 3.)

[2] The Competent Authority Arrangements were signed in September 2015 and added to this website on 9 October 2015.

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