Treaty between New Zealand and Chile enters into force

The first-time income tax treaty and protocol between New-Zealand and Chile, signed on 10 December 2003, entered into force on 21 June 2006. The treaty generally applies from 1 January 2007 in Chile. In New Zealand, the treaty applies from 1 January 2007 in respect of withholding taxes and from 1 April 2007 in respect of other taxes.