This table contains key dates for implementing the Common Reporting Standard (CRS).
| Date | Action |
|---|---|
|
August 2016 |
Legislation introduced into Parliament as part of the Taxation (Business Tax, Exchange of Information and Remedial Matters) Bill. This Bill incorporated the provisions implementing the CRS for Automatic Exchange of Information (AEOI) in New Zealand. |
|
November 2016 |
We called for submissions on excluded entities and accounts. |
|
February 2017 |
Bill received Royal assent. Now known as the Taxation (Business Tax, Exchange of Information and Remedial Matters) Act 2017. |
|
March 2017 |
We called for submissions on reportable jurisdictions. |
|
June 2017 |
We published the initial list of reportable jurisdictions, participating jurisdictions, as well as excluded entities and excluded accounts. |
|
From 17 April 2018 |
Reporting NZFIs register for CRS with us based on their self-assessment. |
|
17 April to 30 June 2018 |
Reporting NZFIs submit their CRS information to Inland Revenue for the period 1 July 2017 to 31 March 2018. Reporting NZFIs were required to submit this information to Inland Revenue by 30 June 2018. |
|
30 September 2018 |
Final date for us to exchange information with other reportable jurisdictions for the reporting period 1 July 2017 to 31 March 2018. |
|
1 April to 30 June 2019 |
Reporting NZFIs submit their CRS information to Inland Revenue for the period from 1 April 2018 to 31 March 2019. Reporting NZFIs were required to submit this information to Inland Revenue by 30 June 2019. |
|
30 September 2019 |
Final date for us to exchange information with other reportable jurisdictions for the reporting period ending 31 March 2019. |
|
1 April to 30 June |
Annual cycle of Reporting NZFIs submitting their CRS information to Inland Revenue for the previous reporting period ended 31 March. Final date to submit is 30 June. |
|
30 September |
Annual final date for us to exchange information with other reportable jurisdictions for the previous reporting period ended 31 March. |