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.
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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