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HK, NZ sign tax deal


Hong Kong has signed an agreement with New Zealand to allow the automatic exchange of financial account information in tax matters from next year.

 

The move brings the number of Hong Kong's tax data exchange partners to 14.

 

The other partners are Belgium, Canada, Guernsey, Indonesia, Ireland, Italy, Japan, Korea, Mexico, the Netherlands, Portugal, South Africa and the UK.

 

The Government said it also plans to extend the application of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters to Hong Kong.

 

An amendment bill will be tabled at the Legislative Council by the end of this year.


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