Singapore tagged posts

NZ Singapore Tax Agreement Progresses

May 14, 2010 International TaxationNew Zealand Taxation

IMG_5926The Double Taxation Agreement (DTA) between New Zealand and Singapore has come one step closer to enactment, having now been incorporated into New Zealand law.

On May 12th the New Zealand Government announced the signing of an Order in Council for the DTA between New Zealand and Singapore. The signing of the Order officially incorporates the agreement into national legislation. According to Peter Dunne, New Zealand Revenue Minister, the DTA will come into effect when the equivalent legal ratification process is carried out by the Government of Singapore.

The new agreement is intended to replace the DTA signed by Singapore and New Zealand in 1973. The DTA will lower withholding rates on dividends, royalties and interest...

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NZ Singapore Sign Double Taxation Agreement

August 21, 2009 International FinanceInternational TaxationNew Zealand FinanceNew Zealand Taxation  No comments

New Zealand and Singapore have signed a Double Taxation Agreement (DTA) which is set to replace the earlier signed and currently standing DTA.

New Zealand and Singapore currently have a Double Taxation Agreement, it was signed in 1973 and has been present since its inception. As stated by Peter Dunne, New Zealand Revenue Minister, at the release of this signing “The agreement will modernize our tax treaty arrangements with Singapore and bring them into line with best international practice,” and “In particular, the new agreement will allow for full exchange of information on tax matters between our two countries.”

Singapore imports approximately NZ$1.9 billion worth of goods into New Zealand, imports NZ$700 million worth of New Zealand goods and has NZ$1...

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New FTA Possibility for NZ

November 22, 2008 International FinanceNew Zealand Finance  No comments

Indications at the APEC summit show that Peru, Australia and America are looking to join the currently active New Zealand, Singapore, Chile and Brunei Free Trade Agreement (FTA).

According to an announcement made by the Chile Foreign Minister Alejandro Foxley, made on the 21st of November at a meeting of trade ministers at the APEC summit, Australia and Peru are currently looking to join the four country FTA in its next round of expansions. A similar announcement was made in regards to the United States in September.

Currently, New Zealand, Singapore, Chile and Brunei hold a free trade agreement, called the Trans Pacific Economic Partnership (although previously named the P4). It was signed in 2005 and came into force 28th of May 2006...

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John Key to Attend APEC Summit

November 19, 2008 International FinanceNew Zealand Finance  No comments

Prime Minister John Key is set to attend the APEC meeting in Lima, Per? on the 19th and 20th of November.

The Asia-Pacific Economic Co-operation (APEC) is most likely going to be based around the current economic situation of the world and the possible responses of all countries involved in the meeting. If the recently finished G20 summit is any indication, the economic situation will be the primary talking point.

The meeting is attended by 20 world leaders, and over 3600 delegates. Figures show that the trade between APEC countries accounts for almost half of that in the world and nearly 60 percent of the world’s Gross Domestic Product.

John Key is scheduled to meet the Queen of England, and the British Prime minister after the APEC meeting.

The current APEC countries are Australia,...

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