Inland Revenue has released an update for businesses affected by COVID-19 covering recent tax changes. These changes are intended to help businesses with the impacts of COVID-19. This includes the… read more →
Inland Revenue has released a public statement relating to the unintended and unprecedented consequences for tax residence rules due to COVID-19. These consequences are particularly relevant for people caught in New Zealand who had no intentions of becoming tax residents.
Are you migrating or returning to New Zealand? Are you aware of the tax implications of such a move? Many people move to New Zealand having kept overseas properties. Sadly, these new Kiwis can easily be caught out by the tax traps involved in this, leading to both undesirable and unexpected outcomes.