The New Zealand and Hong Kong Governments have announced that they intend to soon initiate a round of negotiations concerning the establishment of a Double Taxation Agreement (DTA) between the nations. On March 29th Peter Dunne, New Zealand Revenue Minister, announced that the New Zealand Government and the Hong Kong Government expect to start negotiations on a DTA in October. The agreement aims to eliminate instances of double taxation on incomes earned by individuals and businesses entities while operating in the corresponding ... Read More

The New Zealand Government has released an issues paper seeking feedback on possible changes to be made to the tax treatment of non-portfolio foreign investment funds. At the International Fiscal Association conference held in Christchurch on March 19th Peter Dunne, New Zealand Revenue Minister, released an issues paper on the tax treatment of New Zealand companies with offshore subsidiaries. The paper aims to build upon reforms carried out last year in an effort to allow national companies to compete in foreign markets without ... Read More

New Zealand has signed Tax Information Exchange Agreements (TIEA) with St Vincent and the Grenadines, and Dominica. On March 17th Peter Dunne, New Zealand Revenue Minister, announced that New Zealand had signed two new TIEA agreements, bringing the national total to 15. The newly signed bilateral agreements are Organization for Economic Cooperation and Development (OECD) model documents which provide a internationally agreed upon standard for the exchange of tax data between participating nations in civil and criminal investigations. The new TIEAs will come ... Read More

The Revenue Minister has stated that New Zealanders who are undertaking overseas work for Partners Relief and Development NZ may now be eligible for an interest-free status on their student loans. In an effort to foster a greater sense of charitable work amongst New Zealanders, Peter Dunne, New Zealand Revenue Minister, announced on February 23rd that individuals who are working overseas for Partners Relief and Development NZ will now be eligible for an interest write-off on their student loans. The change is ... Read More