The New Zealand government has passed the necessary regulations to activate the income and capital tax treaty between New Zealand and Austria signed on 21 September 2006. The regulations come into effect on 19 April 2007. The agreement applies to the taxation of both income and capital, although the taxation of capital is currently relevant only to Austria. The treaty enters into force on the first day of the third month following the exchange of instruments of ratification. In New Zealand the treaty will have effect in respect of withholding taxes for amounts paid or credited on or after the...