Business Operations in New Zealand (Portfolio 7270)

Tax Management Portfolio, Business Operations in New Zealand, No. 7270, contains the basic information that will enable a foreign business to determine the best method of conducting its operations in New Zealand from both the tax and the general legal points of view. It analyzes in detail New Zealand income taxation as applied to individuals and corporations. This analysis also includes considerations concerning the establishment of a business entity in New Zealand and operations through a branch office as compared with a subsidiary. In addition to a detailed explanation of the New Zealand system of income taxation, the Portfolio discusses New Zealand company law, tax treaties, and indirect taxation.

The Worksheets in the Portfolio provide various checklists, including a guide to making an application under the Overseas Investments Act 2005, and lists of incorporation procedures under the Companies Act of 1993, with further guidelines included concerning the operational obligations of companies and branch registration. The Worksheets also include a selected list of tax forms and guides (available from the Inland Revenue Web site) for corporations, partnerships, estates and trusts, and include forms for the PAYE and Fringe Benefit Tax regimes, in addition to various withholding forms. New Zealand’s tax treaties with the United States and the United Kingdom are also provided. A complete list is shown in the Table of Worksheets.

This Portfolio may be cited as Patterson, 7270 T.M., Business Operations in New Zealand.



Table of Contents

I. New Zealand — The Country, Its People and Economy
II. Operating a Business in New ZealandIII. Forms of Doing Business in New Zealand
IV. Principal Taxes
V. Taxation of Domestic Corporations
VI. Taxation of Foreign Corporations
VII. Taxation of a Branch
VIII. Taxation of Partnerships
IX. Taxation of Other Business Entities
X. Taxation of Individuals — Residents
XI. Taxation of Nonresident Aliens
XII. Estate/inheritance/transfer and Gift Tax
XIII. Tax Avoidance
XIV. Intercompany Pricing
XV. Special Provisions Relating to Multinational Corporations
XVI. Avoidance of Double Taxation