Moving to New Zealand
Kendons are Christchurch's international tax and cross boarder transaction specialists.
Are you moving to or from New Zealand? Whether you're migrating for family or lifestyle changes, it's crucial to consider the financial and tax implications often overlooked in such moves. With the shift to remote work post-COVID, many can maintain employment while living overseas, creating opportunities but also significant tax considerations.
Kendons specialise in providing expert tax advice for individuals with New Zealand and overseas tax obligations, employers relocating personnel, new migrants, or a company expanding into New Zealand.
Key tax considerations for migrants include New Zealand's strict tax laws, which apply regardless of residency status. We can offer personalised advice for migrants, globally mobile individuals, and entities to optimize tax efficiency.
Determining New Zealand tax residency is complex, involving factors like a permanent place of abode or spending at least 183 days in the country. Double Tax Agreements (DTAs) can provide relief in certain situations, especially when dealing with income or assets in multiple countries. Transitional residency status benefits new migrants, offering a tax break on foreign-sourced passive income for up to four and a half years. Working briefly in New Zealand may exempt you from local tax on that income.
For more information on international tax or assistance with your move to or from New Zealand, contact Jason Hoseason.
Let’s work together to grow your business
We collaborate with our clients towards their success and have a history of being trusted advisors