The tax treaty between New Zealand and Vietnam entered into force on may 5th, 2014. The treaty, signed August 5th, 2013, applies to income tax of both countries and includes the following withholding rates:

• Dividends - 5% of the beneficial owner holds at least 50% of the voting power in the paying company's, otherwise 15%
• Interest - 10%
• Royalties - 10%

Permanent Establishment

The treaty va…