Announcements
PUBLISHED 23 August 2004

Updated Netherlands DTA in force

New Zealand's updated double tax agreement with the Netherlands came into force on 22 August. The 1980 DTA has been amended by the addition of a new protocol that closes a tax avoidance opportunity involving the payment of cross-border insurance premiums, and a new convention that allows the mutual collection of tax debts. The new protocol applies from 1 April 2005 in New Zealand and from 1 January 2005 in the Netherlands. The mutual assistance convention applies from 22 August 2004 in both countries. For the text of the DTA, new protocol and convention see www.taxpolicy.govt.ird.nz/international/DTA/index.html.