The DSF has activated the online declaration platform for trusts as mandated by Country Law 2025-16. Trustees are required to submit detailed information on trust structures, settlors, beneficiaries, and assets held. The declaration is mandatory for trusts governed by New Caledonian law, trusts with a trustee resident in New Caledonia, or trusts holding assets located in the territory. The DSF provides a step-by-step guide and FAQ to assist filers. Late or incomplete filings are subject to financial penalties.
Key Takeaways
- Filing Deadline: The initial declaration must be submitted within 90 days of the trust’s creation or the law’s entry into force for existing trusts.
- Information Required: Details include trust deed, settlor and beneficiary identities, asset values, and tax residency of all parties.
- Annual Updates: Trustees must file an annual update confirming any changes in the trust’s structure or beneficial ownership.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement