Publications
New Zealand – Australia Double Tax Agreement: the detail
New Zealand's new Double Tax Agreement (DTA) with Australia is now in force.
It introduces reduced rates of withholding tax for interest, dividends and royalties, as well as significant changes to the "permanent establishment" definition and the pensions article. The new withholding rates for dividends, interest and royalties in the DTA will apply from 1 May 2010. The rest of the DTA will apply for income years beginning on or after 1 April 2010.
As the latest print editions of the Income Tax Act 2007 include the old DTA only, we have prepared a copy of the new DTA which you can access here. The document includes a redlined version of the old DTA, which tracks the differences between the old and new DTA and which may be a useful resource for those requiring a detailed analysis of the changes.
A summary of the changes we have previously produced may also be useful. To read it click here.
We will keep you updated on the revised DTA with the U.S. once that is in force. If you would like an advance copy of the U.S. treaty please contact any member of our tax team.
For further information contact:
Niels Campbell
Partner
Mathew Mckay
Partner
David Simcock
Partner
Willy Sussman
Partner
John Bassett
Senior Associate
Jarrod Walker
Senior Associate
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
