The New Zealand Government and Guernsey have signed an OECD standard agreement for the sharing of information for taxation purposes. In a London ceremony on the 22nd of July, Revenue Minister Peter Dunne signed a Tax Information Exchange Agreement with Guernsey on behalf of New Zealand. In a Government released statement, Peter Dunne said “The [...]

The New Zealand Government and Guernsey have signed an OECD standard agreement for the sharing of information for taxation purposes. In a London ceremony on the 22nd of July, Revenue Minister Peter Dunne signed a Tax Information Exchange Agreement with Guernsey on behalf of New Zealand. In a Government released statement, Peter Dunne said "The Tax Information Exchange Agreement with Guernsey will help to encourage greater co-operation between tax authorities," and "I am very pleased with this important addition to New Zealand’s network ... Read More

New Zealand and Australia have signed a Memorandum of Understanding, bringing the idea of superannuation portability between the two countries one step closer to reality. New Zealand Finance Minister Bill English and New Zealand Finance Minister Bill English singed a Memorandum of Understanding on the 16th of July, indicating that both governments formally acknowledge their [...]

New Zealand and Australia have signed a Memorandum of Understanding, bringing the idea of superannuation portability between the two countries one step closer to reality. New Zealand Finance Minister Bill English and New Zealand Finance Minister Bill English singed a Memorandum of Understanding on the 16th of July, indicating that both governments formally acknowledge their intent to implement into law provisions for superannuation portability. Legislative changes are still required before the superannuation portability can become a reality, this is expected to occur ... Read More

Indication has been made that New Zealand could change its tax policies depending on the outcome of the Australian taxation system review. At the New Zealand Herald’s Moods of the Boardroom meeting, on the 14th of July, Finance Minister Bill English commented on potential repercussions of the Australian Government’s taxation system review. In light of [...]

Indication has been made that New Zealand could change its tax policies depending on the outcome of the Australian taxation system review. At the New Zealand Herald's Moods of the Boardroom meeting, on the 14th of July, Finance Minister Bill English commented on potential repercussions of the Australian Government's taxation system review. In light of the need to stay internationally competitive in regards to personal taxation and investment, any significant change in Australia's policies could see changes in New Zealand. Bill English made further ... Read More

New Zealand and the Cook Islands signed a Tax Information Exchange Agreement (TIEA) on the 10th of July. The new agreement which allows for New Zealand and the Cook Islands to exchange information held by banks and other financial institutions, and also information on who benefits in company ownership chains and on the settlors, trustees [...]

New Zealand and the Cook Islands signed a Tax Information Exchange Agreement (TIEA) on the 10th of July. The new agreement which allows for New Zealand and the Cook Islands to exchange information held by banks and other financial institutions, and also information on who benefits in company ownership chains and on the settlors, trustees and beneficiaries of trusts. This is the third such agreement for New Zealand, with Bermuda and Netherlands Antilles being the first two. The agreement was signed ... Read More