The Expatriate tax specialists.

News: December 2014

NZ

From next year a significant new measure for countering tax evasion will become available to Inland Revenue, says Revenue Minister Todd McClay.

The Convention on Mutual Administrative Assistance in Tax Matters, signed in 2012, provides for administrative co-operation between tax authorities in the assessment and collection of taxes.

“From 1 January 2015 the convention becomes operative for New Zealand. That means from that date, Inland Revenue’s powers to discover evasion and pursue tax debt overseas will be greatly strengthened,” Mr McClay says.