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Cross-border tariffs between New Zealand and Korea were scaled back further on January 1, 2017, with the second installment of tax cuts under their free trade agreement. Read Full Story
European Council President Donald Tusk has said that the EU hopes to launch free trade negotiations with New Zealand this year. Read Full Story
The 11th round of negotiations for a trilateral free trade agreement between China, Japan, and South Korea was held in Beijing on January 11. Read Full Story
In a bid to encourage more people to quit smoking, New Zealand hiked its tax rate on tobacco by 10 percent on January 1, 2017. Read Full Story
New Zealand retailers have called for legislation requiring foreign companies to register for GST, saying that avoidance of the tax by multinationals is costing the government at least NZD200m (USD138m) in lost revenue. Read Full Story
China introduced import and export duty changes from January 1 to boost innovation-driven development and put the country's tariff structure "more in line with the needs of international trade development." Read Full Story
The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story
New Zealand's Inland Revenue has published a list of third-party providers approved to hold business records for taxpayers offshore. Read Full Story
Brazil is expected to introduce a two percent tax on online on-demand entertainment services such as those provided by Netflix and Spotify. Read Full Story
New Zealand's Inland Revenue has published draft guidance to help financial institutions prepare for the OECD's Common Reporting Standard for the Automatic Exchange of Financial Account Information in Tax Matters. Read Full Story
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