On 12 August 2011, New Zealand's Minister of Revenue announced that the most favored nation obligation under the New Zealand-Mexico income tax treaty had triggered a change to lower rates of non-resident withholding tax (NRWT) on dividends. The new rates of NRWT are:
| - | 5% if the beneficial owner of the dividends is a company which holds at least 10% of the voting power in the company paying the dividends; |