Tax Administration Act 1994

Determinations - Determinations relating to foreign account information-sharing agreements

91AAV: Suspension of reportable jurisdictions for CRS applied standard

You could also call this:

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

Illustration for Tax Administration Act 1994

The Commissioner can decide that a country outside New Zealand is not a reportable jurisdiction for the CRS applied standard. You need to know that this decision only applies for a certain period of time. The Commissioner must say when this period starts and ends, and it must end no more than 3 months after the decision is made. The Commissioner's decision is a type of secondary legislation, which has its own publication requirements, as outlined in Part 3 of the Legislation Act 2019. This means the decision will be published according to these rules. The decision is related to the rules in Part 11B about sharing financial information with other countries. When the Commissioner makes this decision, it affects how New Zealand shares financial information with other countries, and you can find more information about this in the relevant laws and regulations.

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This page was last updated on 28 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7127210.

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91AAU: Participating jurisdictions for CRS applied standard, or

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

91AAW: Non-reporting financial institutions and excluded accounts for CRS applied standard, or

"Some banks and accounts don't have to share information due to special rules."

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

91AAVSuspension of reportable jurisdictions for CRS applied standard

The Commissioner may determine, for a territory outside New Zealand that has been provided by an Order in Council to be a reportable jurisdiction for the purposes of the CRS applied standard and requirements imposed by Part 11B, that the territory is not to be treated as a reportable jurisdiction.
The determination must 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 and must end no more than 3 months after the date of the determination.
A determination under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes

Section 91AAV: inserted, on 21 February 2017, by section 14 of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
Section 91AAV(3): replaced, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).