Legal & Legislation

Legal & Legislation

Legal Matters

Automatic Exchange of Information (AEOI)

In accordance with its commitment to AEOI under the OECD Common Reporting Standard (CRS), the Cook Islands has passed legislation to provide for the implementation of arrangements to exchange tax information; and passed regulations which include offences and impose a penalty regime in the event of a breach by any financial institution.

  1. The Income Tax (Automatic Exchange of Financial Account Information and Other Matters) Amendment Act 2016; and

  2. The Income Tax (Automatic Exchange of Financial Account Information) Regulations 2016 which came into force on 30 November 2016.

 

Tax Cases

pdfOra Fiduciary (Cook Islands) Limited v Treasurer of the Revenue Management Division (2015) 

pdfCrocombe v Collector of Inland Revenue No.3 (C of A) (2013)

pdfCrocombe v Collector of Inland Revenue (C of A) (2013)

pdfCrocombe v Collector of Inland Revenue (2012)

pdfRadford v Collector of Inland Revenue (2010)

pdfRadford v Collector of Inland Revenue (2004)

pdfSmith v Collector of Inland Revenue (1999)