nz inland revenue ird

New Zealand is committed to the automatic exchange of financial information using Common Reporting Standards

Taxpayers have been obliged for a long time to report certain overseas income, but historical limitations to the Inland Revenue system meant that not all information was adequately collected.

With improved capabilities, Inland Revenue can now meet its international obligations and the new IR 1261 will set out the minimum information that is required to meet those information-sharing obligations.

To learn more about the collection, reporting and exchange of financial information for persons that invest or receive income from outside New Zealand, please contact Alliott NZ’s team of Chartered Accountants in Auckland on +64 9 520 9200.