You are using an older browser version. Please use a supported version for the best MSN experience.

Main changes to foreign trust rules

NZ NewswireNZ Newswire 27/06/2016

THE MAIN CHANGES TO FOREIGN TRUST RULES RECOMMENDED BY AN INDEPENDENT REVIEW

* The names, email addresses, foreign addresses, country of tax residence and tax identification number must be disclosed on registration

* Beneficiaries must be disclosed

* Annual financial statements must be filed with IRD

* A register of foreign trusts must be maintained, searchable only by regulatory agencies

* Registrations must include a signed declaration that the person establishing it has been advised of and has agreed to provide information complying with the Tax Administration Act and the anti-money laundering laws.

image beaconimage beaconimage beacon