The non-resident withholding tax is imposed on any person who receives a non-resident withholding tax, such as interest and dividends. NRWT is usually a final tax on this income. If you are a double taxation resident, you may find some relief under the so-called tie-breaker tests in a double taxation agreement. Tiebreaker tests are considered in sequential order until a residency result is achieved. Although all contracts differ slightly, they will usually take into account where you have permanent residence, where your economic and personal relationships are strongest, where you have habitual residence and where you are a national. Capital gains are taxable in New Zealand if they arise from a resident (other than a transitional resident in the case of investment income from foreign sources) or if they have a New Zealand source. The exceptions listed above do not apply to public artists such as performing artists and professional athletes. You are subject to a maximum withholding tax (WHT) of 20%. Special rules apply to non-resident entrepreneurs.

WHT must be deducted from payments to non-resident entrepreneurs who are not in possession of valid exemption certificates. The withholding tax is an intermediate tax that is deducted from the taxpayer`s final income tax. Non-resident entrepreneurs who reside in New Zealand for less than 92 days in a 12-month period and who are entitled to a full exemption under a DTA do not need to apply for an exemption certificate, although they may wish to do so in order to obtain a guarantee for the payer. In addition, all payments received from a non-resident contractor if the total contract payments over a 12-month period is less than NZD 15,000 are exempt from the non-resident entrepreneur`s withholding tax (NRCT). The general conditions for the transitional stay are as follows: The person is No. The New Zealand IRD does not currently have a policy statement on the subject and has focused on the actual employer in the past. New Zealand law defines an employer by reference to the person who makes a deduction payment (i.e. a salary payment subject to Pay As You Earn (PAYE) or similar). This national interpretation would normally be incorporated into the interpretation of the double taxation convention (in the absence of a specific definition).

However, given an Australian decision (December 2003), it is possible that IRD may adopt this approach in certain circumstances. Until now, the usual approach has been to treat the supplement as an administrative tax, which may be subject to New Zealand tax (and withholding tax for non-resident entrepreneurs) in respect of services provided in New Zealand. In the case of a direct cost supplement, there is no taxable profit. A non-resident who receives a share allowance is taxable in New Zealand if the benefit relates to employment in New Zealand. What are the current tax rates for residents and non-residents in New Zealand? Tax is levied on any profit from the sale of residential property (with the exception of a person`s principal residence) if it is sold within 2 years of acquisition. Buyers and sellers must also provide a New Zealand IRD number at the time of each transaction. For all work visas of 12 months or more, the applicant will need a general medical examination and chest x-ray. For work visas of between 6 and 12 months and applicants who are citizens of a country/jurisdiction that does not have a low incidence of tuberculosis (“TB”) or who has spent more than 3 months in a country/jurisdiction that does not have a low incidence of tuberculosis, they must receive a chest x-ray.

The list can be found here: www.immigration.govt.nz/new-zealand-visas/apply-for-a-visa/tools-and-information/medical-info/countries-with-a-low-incidence-of-tb. There is no mandatory retirement savings in New Zealand. However, there is a government voluntary employment savings scheme called KiwiSaver, which is available to all resident employers, employers doing business from a permanent establishment in New Zealand or non-resident employers who choose the scheme. I have friends who, even after many years abroad, are still proudly called Kiwis. They always faithfully support our sports teams, are always ready for a barbecue (even if London temperatures are freezing) and maintain a “soft” attitude to life. Our patriotic pride seems to know no bounds; Until it comes to completing their tax return for non-residents. A non-resident is subject to New Zealand tax only on income earned or received in New Zealand (regardless of the place of payment). The tax rates that generally apply to resident taxpayers are those set out above. A transition resident is a new tax resident in New Zealand who has not been a resident for 10 years before arriving in New Zealand or returning to New Zealand. For longer business travellers who are not residents of New Zealand and who are not eligible for the above exemptions or reliefs, income generally taxed in New Zealand includes compensation for New Zealand-based employment and New Zealand income such as interest or dividends from New Zealand companies. .