New Caledonia

Tax Transparency and Audit Procedures 

In June 2025, the government of New Caledonia introduced a draft law aimed at significantly enhancing tax transparency and modernizing tax audit procedures, in line with international standards such as those set by the OECD.

The proposed legislation introduces new reporting obligations for financial institutions, requiring them to collect and report information on the tax residence of their clients. It also mandates the disclosure of potentially aggressive cross-border tax arrangements by all participants involved in their design, promotion, or management.

Furthermore, individuals and legal entities domiciled or established in New Caledonia will face new reporting requirements, including the declaration of foreign financial accounts, digital assets, life insurance or capitalization contracts held abroad, and trusts.

To modernize tax audits, the draft law proposes the implementation of a remote audit mechanism, known as the "accounting review," allowing tax authorities to examine accounting records online without conducting on-site audits.

The tax transparency measures are expected to take effect from 1 January 2026, while the new audit procedures will apply immediately following the law’s publication in the Official Journal.