Double Tax Agreement Samoa

The NZ-S DBA will replace the existing agreement on the exchange of tax information between New Zealand and Samoa when it comes into force. The agreement provides that dividends are taxed at a maximum rate of 5% if the economic beneficiary is a company that directly holds at least 10 per cent of the voting rights in the company that distributes the dividends or, by other means, 15 per cent. Look at tax rates, the latest tax news and information on double taxation agreements with our specialized online resources, guides and useful links. The new DBA replaced two existing tax treaties: a tax information exchange agreement and an endorsement, both signed in 2010. On July 8, 2015, it was announced that Prime Minister John Key had signed a double taxation agreement with Samoa (the NZ-S DBA). New Zealand is Samoa`s second largest trading partner and the NZ-S DBA is expected to provide a platform to increase trade and investment between the two countries. We contain a collection of global double taxation conventions in English (and other languages, if available) to assist members in their applications. If you`re having trouble finding a contract, call the application team on (0)20 7920 8620 or email us at library@icaew.com. The reduced withholding rates in the two-tax agreement between New Zealand and Samoa came into effect on February 1. The articles are made available to connected ICAO members, ACA students and other legitimate users. Tax rates Information from the Ministry of Revenues of the Samoian authorities on the tax rates it controls and manages. Includes: income tax rates, PAYE rates, mineral oils, customs duties, excise duties and VAT on goods and services. The Australian and Samoan governments have signed a tax-friendly information exchange agreement.

The agreement provides for the exchange of information on request, both in criminal and civil matters. If you have any questions about the NZ-S DTA, please contact your regular deloitte advisor. Tax Rates Online An online tariff tool created by KPMG that compares corporate tax rates, indirect income taxes and social security within one or more countries. Contact us at (0)20 7920 8620 or e-mail library@icaew.com to request documents or get help finding the information you need. The withholding tax on interest and royalties is limited to 10% by the NZ-S DBA. Administrative expense deductibility - TRA warns taxpayers As an increasing number of DtAs, the NZ-S DTA contains a limitation of benefits. Section 21 provides that a benefit of the NZ-S-DBA is not granted if this benefit is one of the main purposes of an agreement or transaction. A selection of articles on tax news and developments can be available in the Business Source Corporate database. Access to the articles is granted to ICAEW members, ACA students and other eligible users subject to supplier terms of use. To learn how to rent books from the library, check out our loan guide. You can receive copies of articles or excerpts from books and reports by mail, fax or email via our document delivery service.

The withholding tax rate for dividends is 5% if the economic beneficiary of the dividend is a company that directly holds at least 10% of the voting rights in the company that distributes the dividend. If this is not the case, all other dividends are subject to a 15% withholding rate. The agreements were signed on December 16, 2009 by Assistant Treasurer Hon Nick Sherry and Samoan Finance Minister Hon Tuu`u Anasi`i Leota.