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16 August 2016

New Zealand introduces legislation to enable automatic exchange of financial account information for financial institutions

The New Zealand Government introduced the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill on August 8. The Bill, consistent with a fact sheet released by Inland Revenue on July 28, confirms that New Zealand's first exchange of information under the Common Reporting Standard will take place by September 30, 2018.

A Tax Alert prepared by EY's Global Tax Desk Network, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1402

Document ID: 2016-1402

 

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