Tax agreements with New Zealand come into force
On 27 July 2009, the Isle of Man concluded two tax co-operation agreements with New Zealand.
The Isle of Man ratified the agreements at the October Tynwald, and on 2 November 2009 the Chief Minister, Tony Brown MHK, informed the government of New Zealand that ratification had taken place.
The High Commission in London has now confirmed that New Zealand has completed its own ratification procedures, and as a consequence both of the agreements entered into force on 27 July 2010.
One agreement is for the exchange of information with respect to taxes; and the other is for the allocation of taxing rights with respect to certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments.
The Isle of Man is committed to meeting agreed international standards and to the principles of co-operation between countries, transparency and effective exchange of information in tax matters.
The texts of the New Zealand agreements can be viewed on the International Agreements page of the Income Tax Division’s website.
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