New Zealand Inland Revenue has announced the signing of an amending protocol to the 2009 tax information exchange agreement with Guernsey on 18 September 2019. The protocol amends the treaty to include model treaty provisions to prevent tax treaty abuse and improve dispute resolution as recommended by the OECD and G20, including amendments to the preamble and Article 11 (Mutual Agreement Procedure), as well as the addition of Article 11A (Entitlement to Benefits). The protocol will enter into force once the ratification instruments are exchanged and will apply from that date. Note - Although primarily an agreement for information exchange,...