, Hong Kong

Hong Kong-New Zealand tax treaty protocol kicks into effect

It implements the automatic exchange of information in tax matters on a bilateral basis.

The protocol under the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and New Zealand (CDTA) has kicked into effect on August 9, according to a government statement. 

Also read: Hong Kong inks deal with Belt and Road partners Israel and New Zealand

Signed last year, the measure was amended to enable the automatic exchange of financial account information in tax matters with New Zealand on a bilateral basis.

It shall have effect in respect of Hong Kong tax for any year of assessment beginning on or after April 1, 2019.

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