Double Tax Treaty UAE - New Zealand
Double Tax Treaty UAE - New Zealand
Updated on Tuesday 16th May 2017
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Taxes covered by the UAE – New Zealand double tax treaty
The dividends, the incomes, the salaries, the pensions, the revenues, the interests, the profits, and the royalties are covered by the double tax treaty between the UAE and New Zealand, meaning they are going to be levied only once, in one of the countries where these incomes are registered. It is good to know that natural persons with registered incomes in the home country, besides the ones in the state where a work contract is issued, he/she will be levied in accordance with the local law. Additional details and information about the double taxation convention between the UAE and New Zealand can be obtained from our attorneys in Dubai.
DTT between the UAE – New Zealand provisions
The double taxation treaty between the UAE and New Zealand affirms that citizens with residency in both countries will be levied only if the permanent residency is established, in one of the contracting states. The profits of a resident from an immovable property which is registered in the UAE or New Zealand will be levied in one of these states, according to the significant double taxation agreement.
As for the incomes of a business or company in the UAE or New Zealand, these are going to be levied only in the country where the permanent establishment is settled, as stipulated in the DTT.
Please do not hesitate to get in touch with our law firm in Dubai for comprehensive information about the double taxation agreement between the UAE and New Zealand.