New Zealand Embassy Tokyo, Japan

New Zealand – Japan Double Taxation Agreement

Ambassador Sinclair and Senior Vice Minister Shimba sign the Double Tax Agreement on 10 December.

Japan and New Zealand signed a new Double Tax Agreement on Monday 10 December in Tokyo to replace the existing 1963 treaty. New Zealand’s Minister of Revenue Peter Dunne said “New Zealand has a long standing relationship with Japan. In fact, this year marks the 60th anniversary of the establishment of formal diplomatic relations with Japan.

Japan is one of New Zealand’s largest trading partners and at nearly 50 years old, the existing treaty is the oldest in our network. In recognition of the volume of trade, it is important to update the tax treaty.”

A key feature of the updated agreement will be lower withholding taxes on interest, dividend and royalty payments between the two countries making it less costly for businesses to invest in each country and to bring profits home for reinvestment or distribution to shareholders.

Double tax agreements help to reduce tax impediments to trade and investment between countries by preventing cross-border business income being taxed twice and therefore give greater certainty about how that income will be taxed.

The English text of the new double tax agreement is available here.

Of interest

United Nations Handbook 2015-16

United Nations Handbook

The UN Handbook is a comprehensive guide to the UN system and how it works.  Read more

Prime Minister's media release |

New Zealand wins Security Council seat

New Zealand has secured a place on the UN Security Council for 2015-16. Read the Prime Minister's media release

Registering your overseas travel made easier

Registering your overseas travel made easier

New Zealanders travelling or living overseas, registering your travel online now made easier. Read more

Sister cities

Sister cities

Sister city and friendly city links. Read more

The official travel New Zealand website

The official travel New Zealand website

The hardest part of planning your holiday will be deciding which to do first! Read more