New Zealand

New Zealand

New tax disclosures under revised overseas investment regime now in effect

05 Jul 2021

New Zealand revised its investment regime, via a newly published form (IR1245) which requires overseas investors looking to acquire significant New Zealand business assets to make new tax disclosures as part of their application under the Overseas Investment Act 2005. The revision became effective as of 5 July 2021.

Nature of measure:
  • Entry restriction
Type:
  • Entry and establishment (Approval and admission - screening)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: