On June 28, 2017 the New Zealand Minister of Revenue issued a press release announcing that on that same date New Zealand and Hong Kong concluded a protocol updating the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax matters between the two jurisdictions.

Although the Protocol has been signed, it has not entered into force yet. For the Protocol to enter into force, the respective ratification procedures have to have been finalized in both countries.

Once in force, the updated double tax treaty will require both Hong Kong and New Zealand to automatically exchange tax information with each other, in line with the G20 and OECD Automatic Exchange of Information global standard

Click here to be forwarded to the text of the Protocol as available on the website of the New Zealand Inland Revenue.

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