Key signs tax agreement with Samoa

  • 08/07/2015
Prime Minister John Key (Simon Wong)
Prime Minister John Key (Simon Wong)

Samoa is getting more than just a test match out of the All Blacks' visit to Apia.

Prime Minister John Key, leading a sizeable delegation of cabinet ministers, took time out to sign a double tax agreement with Samoa's Prime Minister Tuilaepa Sailele Malielegaoi.

New Zealand is Samoa's second largest trading partner and Mr Key says the agreement will help it grow.

Double tax agreements help reduce tax barriers to two-way trade and investment by preventing cross-border income being taxed twice.

New Zealand has similar treaties with about 40 countries.