Double Tax Agreement With Nz

Upon signing the Agreement between the Government of the People`s Republic of China and the Government of New Zealand on the elimination of double taxation with regard to taxes on income and the prevention of tax evasion and avoidance (hereinafter referred to as `the Agreement`), the two Parties agreed on the following provisions, which form an integral part of the Convention: Article 6 of the DBA concerns income generated by immovable property of a Member State established in a Contracting State. For the most part, priority is given to the country of origin. Where income from New Zealand resident in China relates, the amount of tax payable in New Zealand in accordance with the provisions of this Agreement (unless those provisions permit taxation by New Zealand only because the income is also income of a resident resident in New Zealand) may be set off against the Chinese tax imposed on that resident. .