On 8 August 2017, New Zealand Inland Revenue announced that two Orders in Council have been signed to ratify the pending protocol to the 1986 tax treaty with India and the pending tax information exchange agreement with San Marino.
The protocol, signed 26 October 2016, is the third to amend the treaty and will enter into force once the ratification instruments are exchanged. It replaces Article 26 (Exchange of Information) to bring it in line with the OECD standard for information exchange and adds Article 26A (Assistance in the Collection of Taxes). The tax information exchange agreement, signed 1 April 2016, is the first of its kind between the two countries, and will enter into force once the ratification instruments are exchanged.
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