Notice of Determination Regarding the Exemption of Share Purchase Scheme Accounts Maintained by CRS Nominees Limited From the Common Reporting Standard (CRS) Applied Standard and Requirements Under Part 11B of the Tax Administration Act 1994

Notice Type: Departmental
Notice Title: Notice of Determination Regarding the Exemption of Share Purchase Scheme Accounts Maintained by CRS Nominees Limited From the Common Reporting Standard (CRS) Applied Standard and Requirements Under Part 11B of the Tax Administration Act 1994

This is a notice, made under section 91AAW(4) of the Tax Administration Act 1994, regarding a determination made by the Commissioner of Inland Revenue under section 91AAW(1) of that Act.
Determination CRS 2018/006 was made on 29 March 2018.
CRS 2018/006 determines that a share purchase scheme account maintained by CRS Nominees Limited, as outlined in the scope of the determination, is an excluded account for the purposes of the CRS applied standard and requirements under Part 11B of the Tax Administration Act 1994.
The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 30, No. 4, of May 2018 and will also be available on the Inland Revenue website: www.ird.govt.nz/technical-tax/determinations.

TONY MORRIS, Customer Segment Lead, Significant Enterprises Customer Segment, Inland Revenue.