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| Lowtax Network Sites |
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'Low-tax' business and investment in the top 50 jurisdictions covered in
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| Tax News: Global
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| TreatyPro: Online
tax treaty resource. |
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| IoM, NZ Tax Agreements In Force |
by Mary Swire, Tax-News.com, Hong Kong
Monday, August 02, 2010
The Isle of Man government announced the entry into force of two tax cooperation
agreements on July 27 that it had entered into with New Zealand.
One agreement is for the exchange of information with respect to taxes; and
the other is for the avoidance of double taxation.
The Isle of Man parliament ratified the agreements in its October session,
and on November 2, 2009, the government of New Zealand was notified that the ratification had taken place.
The High Commission in London has now confirmed that New Zealand has completed
its own ratification procedures, and as a consequence both of the agreements
entered into force on July 27, 2010.
In its statement announcing the entry into force of the agreements, the Isle
of Man government reaffirmed its commitment to meeting agreed international
standards on transparency
and effective exchange of information in tax matters.
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