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New Zealand: Double Tax Treaties

Other International Agreements

New Zealand has a tax information exchange agreement (TIEA) with the Netherlands Antilles, which was effective from 2009. It has also signed TIEAs with Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Cook Islands, Dominica, Gibraltar, Guernsey, the Isle of Man, Jersey, Samoa, St Kitts and Nevis, St Vincent and the Grenadines. Agreements have also been signed with the Marshall Islands, Niue, the Turks and Caicos Islands and Vanuatu which (as of December 2012) are not yet effective.

Many of New Zealand's DTAs provide a full or partial exemption from New Zealand income tax for aircraft operators of the other jurisdiction. Income earned by non-resident aircraft operators is also exempt from New Zealand tax if a reciprocal exemption exists for New Zealand-resident aircraft operators in the non-resident's home jurisdiction. An exemption under this provision is currently in place with Hong Kong, the Solomon Islands, Samoa and Brunei Darussalem.

Similarly, most of New Zealand's DTAs provide that the income will be exempt for shipping operators of the other jurisdiction. Income will also be exempt if the Inland Revenue is satisfied that a reciprocal exemption exists for New Zealand-resident shipping operators in the non-resident's home jurisdiction. An exemption under this provision is currently in place with Barbados, Bermuda, Brazil, Chile, Greece, Hong Kong, Israel, Liberia, the Netherlands Antilles, New Caledonia, Panama, Papua New Guinea, Tonga and Vanuatu.

 

 

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