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Sharing information to combat global tax evasion

Sharing information to combat global tax evasion
Sharing information to combat global tax evasion

It’s important everyone pays the right amount of tax. That’s why the New Zealand Government has signed up to the Automatic Exchange of Information (AEOI) - an international initiative to combat global tax evasion.

We’re one of over 100 countries who’ve committed to share information about foreign tax residents with financial accounts in New Zealand. In return, we'll receive information about New Zealanders with overseas financial accounts.

This means if you're a New Zealand tax resident with a bank account or financial interests in another country, now’s the time to check that you’re meeting all of your tax obligations.

Need help getting your tax right? Contact a tax agent or accountant for advice or support.

It also means your financial institution may ask you about your tax residency. It’s important to answer these questions, otherwise your account may be impacted.

Visit the OECD’s website to learn how tax administrations across the globe are working together to combat tax evasion through AEOI.

Or explore the AEOI section of our website

Check out our video explaining how the Automatic Exchange of Information works

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HTML5 video | 2:30 mins | Transcript