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Agreement between the Government of New Zealand and the Government of the Kingdom of Saudi Arabia for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance
Treaty Type:
Bilateral/Plurilateral
Common Name:
Responsible Department:
Inland Revenue
Administering Department:
Inland Revenue
Treaty Summary:
To conclude a Double Tax Agreement (DTA) between New Zealand and the Kingdom of Saudi Arabia.
NZ Adherence Status:
In Progress
Negotiation Status:
A first round of negotiations was held in July 2017. It is as yet unclear how many rounds of negotiations will be required.
Organisation:
Is Signed By NZ:
No
Signature Date:
Ratified or Signed:
No
Requires Ratification:
No
NZ Territorial Applications:
None
Information about required Legislation:
An Order in Council, made under section BH 1 of the Income Tax Act 2007, will be required to incorporate the DTA into New Zealand domestic law.
Impacts on Maori:
This is a standard DTA which provides benefits to taxpayers generally in respect of cross-border activity and investment with Saudi Arabia. No specific impact on Maori interests.
Impacts on Stakeholders:
DTAs are generally seen as taxpayer and business "friendly". They are entered into with the aim of reducing tax impediments to cross-border trade, investment and other economic activity.
Link To Legislation:
Treaty Text Link:
Contact Information:
If you would like more information about this Treaty please contact us using our contact form.