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Third Protocol to the Convention between the Government of the Republic of Korea and the Government of New Zealand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income
Treaty Type:
Bilateral/Plurilateral
Common Name:
Responsible Department:
Inland Revenue
Administering Department:
Inland Revenue
Treaty Summary:
The negotiations were entered into with the aim of concluding a new Double Tax Agreement (DTA) with the Republic of Korea to replace the existing DTA that dates back to 1981. It is now expected that the negotiations will aim to finalise a Protocol to amend the existing DTA.
NZ Adherence Status:
In Progress
Negotiation Status:
A first round of negotiations was held in April 2015, and a second round was held in July 2016. Negotiations for an amending Protocol were completed in September 2025.
Organisation:
Is Signed By NZ:
No
Signature Date:
Ratified or Signed:
No
Requires Ratification:
No
NZ Territorial Applications:
None
Information about required Legislation:
An Order in Council, made under section BH 1 of the Income Tax Act 2007, will need to be made to give effect to the agreement under New Zealand law.
Impacts on Maori:
This is a standard DTA which provides benefits to taxpayers generally in respect of cross-border activity and investment with Korea. No disproportionate impact anticipated for Māori interests.
Impacts on Stakeholders:
DTAs are generally seen as taxpayer and business 'friendly'. They are entered into to reduce tax impediments to cross-border trade, investment and economic activity.
Link To Legislation:
Treaty Text Link:
Contact Information:
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