Tax Transfer Exemption Granted
8 September 2022
The Associate Minister of Justice has granted a class exemption for accounting practices carrying out most types of tax transfers under the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 (AML/CFT Act) which exempts accounting practices from most (but not all) obligations under the Act. You can find the exemption here: Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice 2022 (SL 2022/214) Schedule New Part 16 inserted into Schedule – New Zealand Legislation.
This class exemption is valid until 14 July 2027.
Still have questions?
Check out the Tax Transfer Exemption Guidance (PDF, 138KB) and the Tax Transfer Exemption FAQs (PDF, 68KB)
