New Zealand companies are taxed on their worldwide incomes. However, it is possible to eliminate taxation exposure by creating and properly managing a structure that involves the use of a locally-registered company, in conjunction with a New Zealand foreign trust.
No tax exposure arises if the income is from a non-New Zealand source and the settlor in the transaction is not a resident.
Other notable features of the local taxation system are:
- Corporation tax rate of 28%
- An extensive network of double taxation treaties
Pearse Trust provides access to local taxation expertise to enable clients to plan their tax affairs and ensure compliance with company law.
Find out more about Pearse Trust's tax services