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Tax Administration Act 1994

Miscellaneous

226D: Reportable jurisdictions for CRS standard and Part 11B

You could also call this:

"Countries that must share tax information with New Zealand"

Illustration for Tax Administration Act 1994

The Governor-General can make rules that say a territory outside New Zealand is a reportable jurisdiction. You need to know that a reportable jurisdiction is a place that has to share information about taxes. The Governor-General can make these rules at any time. The rules can say when they start and finish, but they cannot start before the last reporting period. The Governor-General can also change or cancel earlier rules. A rule can be suspended by the Commissioner, who is in charge of taxes, under section 91AAV. These rules are called secondary legislation, which means they are made under a law, and you can find out more about them in Part 3 of the Legislation Act 2019. The rules have to be published, which means they have to be made available to the public.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7127219.

Topics:
Money and consumer rights > Taxes
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226E: Application of changes to CRS standard, or

"Rules for updating tax standards"

Part 13Miscellaneous

226DReportable jurisdictions for CRS standard and Part 11B

  1. The Governor-General may from time to time, by Order in Council, make regulations providing that a territory outside New Zealand is a reportable jurisdiction for the purposes of the CRS applied standard.

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

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

  4. Repealed

  5. The effect of a regulation providing that a territory outside New Zealand is a reportable jurisdiction may be suspended by a determination made by the Commissioner under section 91AAV.

  6. Regulations under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes
  • Section 226D: inserted, on , by section 29 of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
  • Section 226D(4): repealed, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
  • Section 226D(6): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).