Description

Learn about determining New Zealand tax residency, eligibility for transitional resident status, and relief from double taxation under updated Inland Revenue guidance and recent cases, including Personal tax residence, corporate tax residence, trust tax residence, and DTAs

Determining whether an individual, company or trust is New Zealand tax resident (both under domestic law and for the purpose of any applicable double tax agreement) is critical for a number of reasons, including:

• Determining whether (and when) they are subject to New Zealand income tax on their worldwide income;
• Determining whether they are entitled to relief from double taxation under a double tax agreement;
• Determining whether an individual is eligible to be treated as a “transitional resident” and, if so, from when.

This webinar examines Inland Revenue’s updated guidance on tax residency, and the impact of recent cases on tax residency.

In addition, the webinar will explain how to determine tax residence status for the purpose of applying tax relief in double tax agreements.

LEARNING OUTCOMES

You will:

• Know what questions to ask clients to determine whether they are New Zealand tax resident.
• Understand what connections with New Zealand are more likely to result in an individual having a “permanent place of abode” in New Zealand.
• Learn about the effect of recent case law developments on whether an individual has a “permanent place of abode” in New Zealand.
• Understand Inland Revenue’s updated guidance on what constitutes a “permanent place of abode”, corporate tax residence, and trust tax residence.
• Know when a company and a trust will be treated as New Zealand tax resident.
• Understand how to apply the individual and corporate tax residence tie-breaker tests in double tax agreements.

SUITED TO

Accountants of all levels, tax lawyers, immigration lawyers, and others who advise clients on tax residence issues.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law

Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust seminars and webinars.  Stephen advises accounting firms and law firms on a wide range of tax issues.  He is a member of the NZLS taxation committee and The Law Association of New Zealand trust law committee.