New Zealand: Draft guidance, exchanges under CRS | KPMG | GLOBAL
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New Zealand: Draft guidance, exchanges under common reporting standard (CRS)

New Zealand: Draft guidance, exchanges under CRS

The Inland Revenue Department of New Zealand on 21 December 2016 issued a draft guidance document that provides guidance for financial institutions and others that may have New Zealand CRS obligations.


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The document is based on the Taxation (Business Taxation, Exchange of Information and Remedial Matters) Bill—legislation that once enacted would implement the automatic exchange of information (AEOI) in New Zealand from 1 July 2017. The draft guidance is, thus, subject to the terms of the final legislation.


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