Global Forum on Transparency and Exchange of Information for Tax Purposes: New Zealand 2018 (Second Round)
Peer Review Report on the Exchange of Information on Request
This report contains the 2018 Peer Review Report on the Exchange of Information on Request of New Zealand.
Published on April 04, 2018
In series:Global Forum on Transparency and Exchange of Information for Tax Purposes: Peer Reviewsview more titles
The organisation and procedures remain complete and coherent and peers have been very satisfied with the quality and timeliness of the information provided by New Zealand.
The main gap identified relates to the availability of beneficial ownership information, where a gap was identified in terms of coverage of legal entities, in particular the ones that do not fall within the obligations established for offshore persons.
New Zealand is recommended to ensure adequate implementation of legal obligations concerning beneficial ownership, in particular the obligations established under anti-money laundering legislation, and the tax reporting requirements imposed on offshore persons and non-resident settlor trusts.