New Zealand and Bermuda are set to sign a Taxation Information Exchange Agreement (TIEA) on the 16h of April. The TIEA will be New Zealand’s second agreement of such a nature, following the first which is Netherlands Antilles. According to Revenue Minister Peter Dunne others are already under negotiation. This is on top of New Zealand’s 35 Double Taxation Agreements. The TIEA will be signed at the New Zealand Embassy in Washington DC. According to Mr. Dunne, the TIEA will make it easier ... Read More

The Double Taxation Agreement between New Zealand and the Czech Republic came into effect on the 3rd of September. The double taxation agreement which was signed on the 30th of October, 2007, was welcomed into force by Revenue Minister Peter Dunne. He went further to say that trade between New Zealand and the Czech Republic has been growing and has future potential for expansion. He cited figures of $9.5 million worth of exports to the Czech Republic and $30 million worth of imports. ... Read More

Double taxation agreements are tax treaties between two countries. These agreements come into effect when a person is a tax-resident of both New Zealand and another country. Double Taxation agreements prevent the situation of taxation on one income by two countries, through coming to an agreement as to what incomes will be taxed in the country of residence and exempt in the country of occurrence. It also deals with the opposite case where the income will be taxed at the country of ... Read More