New Zealand updates List of Reportable Jurisdictions

On 13 March 2019, the Automatic Exchange of Information (“AEOI”) team of the New Zealand Inland Revenue announced the release of the lists of reportable jurisdictions and participating jurisdictions.

  • Reportable jurisdictions are those territories, which Inland Revenue can provide information to in accordance with the CRS rules, in respect of financial accounts held in New Zealand by non-residents (Link). New Zealand’s list of Reportable Jurisdictions was amended by Order in Council on 25 February 2019, increasing the existing list of 60 jurisdictions to 90. The changes to the list will apply for the purposes of CRS reporting from 1 April 2019.
  • Participating jurisdictions are those territories, which can provide information to New Zealand in accordance with the CRS rules, in respect of financial accounts held offshore by New Zealand residents (Link). New Zealand’s list of Participating Jurisdictions was amended by Commissioner’s determination on 18 February 2019, increasing the existing list of 69 jurisdictions to 90. The changes to the list will apply for the purposes of CRS due diligence conducted from 1 April 2019.

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