Tax treaty with Czech Republic nears completion
Arrangements for a new double tax agreement with the Czech Republic took a further step towards completion with the signing today of an Order in Council that incorporates the agreement into New Zealand law, Revenue Minister Peter Dunne announced today.
“The Czech Republic has already completed its necessary legislative procedures for the double tax agreement, so we can expect its entry into force in late August or early September, once the final diplomatic procedures have been carried out,” Mr Dunne said.
“Double tax agreements are very useful treaties that reduce tax impediments to trade and investment between two countries.
“They prevent cross-border income being taxed twice, give greater certainty about how that income will be taxed, and lower compliance costs and tax on some income.
“Once in force, the new double tax agreement with the Czech Republic will be our 35th such treaty,” Mr Dunne said.
04 470 6985
021 638 920