Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Double tax agreement with South Africa ready to go

21 June 2004 Media Statement

Double tax agreement with South Africa ready to go

New Zealand’s new double tax agreement with South Africa has now been approved by Order in Council and is expected to come into force on 23 July, Revenue Minister Michael Cullen announced today.

“Extending and maintaining our network of 27 – soon to be 28 – double tax agreements is a priority for the government as they play an important role in removing obstacles to cross-border trade and investment.

“South Africa is an important emerging market for New Zealand, and the new double tax agreement will help forge stronger economic links between our two countries,” he said.

Other Orders in Council signed today:
- Incorporate into New Zealand law a double tax agreement with Chile, our first with a Latin American country. The next step is for Chile to complete the relevant legislative procedures.
- Incorporate into New Zealand law a double tax agreement with the United Arab Emirates, our first with a Middle Eastern jurisdiction. The agreement must now pass through the equivalent legislative process in the UAE.
- Update the agreement with the United Kingdom, to allow for better exchange of information and to deal with UK concerns about schemes designed to avoid capital gains tax. The updated agreement awaits completion of legislative procedures in the UK.
- Update the agreement with the Philippines, including the removal of tax sparing provisions. The updated agreement awaits completion of legislative procedures in the Philippines.
- Update the agreement with the Netherlands – including closing a tax avoidance opportunity in New Zealand involving the payment of cross-border insurance premiums to the Netherlands – and implement a convention for the mutual collection of tax debts. The necessary legislative procedures in the Netherlands have been completed.

The texts of the new and pending double tax agreements and amending protocols are available at www.taxpolicy.ird.govt.nz.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election