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A new Double Tax Agreement between the People’s Republic of China and New Zealand was signed in Beijing yesterday.
The agreement will promote economic ties between the two countries. It reduces the withholding tax rates imposed on certain dividends. It also eliminates the risk of double taxation.
The new DTA is New Zealand’s first to be signed following the completion of the work on base erosion and profit shifting (BEPS) and the release of the 2017 update of the OECD Model Tax Convention and contains new anti-BEPS measures.
For more information see the Minister of Revenue’s media statement and the text of the DTA.
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