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Tax Administration Act 1994

Determinations - Determinations relating to foreign account information-sharing agreements

91AAU: Participating jurisdictions for CRS applied standard

You could also call this:

"Which countries follow the same tax rules as New Zealand?"

Illustration for Tax Administration Act 1994

The Commissioner can decide that a territory outside New Zealand is a participating jurisdiction for the CRS applied standard and Part 11B. You can find more information about Part 11B in the link. The Commissioner's decision can say how long it will apply, and it must start after the last reporting period before the decision was made. The Commissioner's decision can change, extend, limit, suspend, or cancel an earlier decision. A decision made under this section is called secondary legislation, which has its own publication requirements, as outlined in Part 3 of the Legislation Act 2019. The Commissioner has the power to make these decisions, and they can be used to manage participating jurisdictions for the CRS applied standard.

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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=DLM7127209.

Topics:
Money and consumer rights > Taxes
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91AAT: Determinations relating to certain employment expenditure, or

"The Commissioner decides what part of a work payment is tax-free."

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91AAV: Suspension of reportable jurisdictions for CRS applied standard, or

"The Commissioner can stop a country being a reportable jurisdiction for a short time."

Part 5Determinations
Determinations relating to foreign account information-sharing agreements

91AAUParticipating jurisdictions for CRS applied standard

  1. The Commissioner may determine that a territory outside New Zealand is a participating jurisdiction for the purposes of the CRS applied standard and Part 11B.

  2. The determination may set out the period for which it is to apply, which must not begin before the latest reporting period that finishes before the determination is made.

  3. A determination may provide for the change, extension, limitation, suspension, or cancellation of an earlier determination.

  4. A determination under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes
  • Section 91AAU: inserted, on , by section 14 of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
  • Section 91AAU(4): replaced, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).