Plain language law

New Zealand law explained for everyone

Tax Administration Act 1994

Foreign account information-sharing agreements - FATCA agreement

185H: Obligations related to FATCA agreement: due diligence

You could also call this:

"Following rules to check who we share tax info with"

Illustration for Tax Administration Act 1994

You must follow the due diligence procedures in the FATCA agreement. The agreement describes what you need to do. You have to apply these procedures as the agreement says.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6191604.

Topics:
Money and consumer rights > Taxes
Previous

185G: Obligations related to FATCA agreement: registration, or

"Following FATCA registration rules"

Next

185I: Obligations related to FATCA agreement: information for NZ competent authority, or

"Following FATCA rules: sharing information with New Zealand authorities"

Part 11BForeign account information-sharing agreements
FATCA agreement

185HObligations related to FATCA agreement: due diligence

  1. A person, as described in the FATCA agreement (the agreement), is required to apply the relevant due diligence procedures described or contemplated in the agreement.

Notes
  • Section 185H: inserted, on , by section 182 of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 (2014 No 39).
  • Section 185H heading: amended, on , by section 24(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
  • Section 185H: amended, on , by section 24(2) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).