India-New Zealand Agreement to Prevent Double Taxation and Fiscal Evasion on Income Taxes Effective from January 1997.

The agreement between the governments of India and New Zealand aims to prevent double taxation and fiscal evasion concerning income taxes. Effective from January 9, 1997, following mutual notification of compliance with domestic requirements, the protocol modifies the 1986 Convention. Article 1 specifies that New Zealand residents earning income from India may not be considered to have paid Indian tax if deemed inappropriate by New Zealand's competent authority, considering factors like fraud prevention and tax avoidance. The protocol's provisions apply to income earned from the first day of the month following its enforcement. The English text prevails in case of language discrepancies.

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