Croatia, New Zealand Eye Double Tax Avoidance Deal
Croatia and New Zealand have agreed that they should negotiate an agreement on the avoidance of double taxation.
Croatia’s President, Kolinda Grabar-Kitarovic, said an agreement was discussed in a meeting with New Zealand’s Prime Minister, Bill English, while she was on a state visit to the country. A double tax agreement would ensure that income received from cross-border trade and investment would not be taxed twice, by allocating taxing rights between the two countries.
Two-way trade has fluctuated in recent years, totaling NZD4.5m (USD3.3m) in 2010, NZD11.2m in 2012, and dropping back to NZD4.8m in 2014.
New Zealand’s Ministry of Foreign Affairs said: “Areas with potential for increased cooperation include agriculture, aquaculture, energy, fisheries, food processing, horticulture, viticulture, and tourism.” Presently, New Zealand exports to Croatia include ships, meat products, and wine, it added.