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Inland Revenue

Tax Policy

Last updated 19 February 2016
Closing date 31 March 2016

Status Complete

Implementing the global standard on automatic exchange of information (AEOI)

An officials' issues paper, Implementing the global standard on automatic exchange of information, seeks feedback on proposals for implementing the G20/OECD global standard for automatic exchange of information which will help detect and prevent tax evasion.

Under the new rules financial institutions such as banks, insurance companies, managed entities, certain brokers, custodians and collective investment vehicles would have obligations to review their accounts and report information to Inland Revenue.

Submissions closed on 31 March 2016.

Public presentations to help entities understand their AEOI obligations were held during March - Auckland (7 March 2016), Wellington (14 March 2016) and an audio conference (17 March 2016).

The presentation with an overview of the proposed changes (published 10 March 2016):
PDF (159 KB) | PowerPoint (201 KB) | SlideShare (as an alternative option)