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Inland Revenue

Tax Policy


2004 agreement

Status: In force
Signed: 10 December 2003
In force: 21 June 2006
Effective: In New Zealand: For withholding taxes from 1 January 2007. For all other taxes for income years beginning on or after 1 April 2007.
In Chile: For taxes on income obtained and amounts paid, credited to an account, put at the disposal or accounted as an expense, from 1 January 2007.
Refer to Article 28 of the agreement.
Legislation: Double Tax Relief (Republic of Chile) Order 2004 (New Zealand Legislation website)
Important note: the withholding tax rate for royalties reduced from 10% to 5% from 1 May 2010.
National interest analysis: PDF (83KB) (See Appendix C, page 13.)

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