New Zealand and China have signed an updated tax treaty to replace the countries’ 1996 agreement, New Zealand’s government announced April 1.
“An update to the existing Double Tax Agreement will reduce barriers to cross-border trade and investment,” said New Zealand Revenue Minister Stuart Nash.
Nash noted that the agreement includes measures fighting base erosion and profit shifting (BEPS) by multinationals.
China is New Zealand’s largest trading partner, Nash said.
The text of the agreement can be found is available at this link.