This book is only available in PDF format

Authors: Leslie Prescott-Haar, Bridget Riley
Published: 9 November 2020
Pages: 48

Introduction

It is common for offshore enterprises to want to set up business operations in New Zealand, or for New Zealand businesses to want to expand their operations into offshore jurisdictions.
This presents various legal and tax issues to be considered:
• What type of entity should carry on the business in New Zealand or offshore? – should the enterprise operate through a branch or a establish subsidiary in the other country?
• Does the entity already have a tax presence in New Zealand or offshore – what level of activity is conducted by its employees or representatives in New Zealand or the offshore jurisdiction and what, if any issues does this create?
• What profits will be subject to tax in the other country and what, if any, charges should be made for the provision of goods or services between the group entities?

Content outline

• Tax residence
• How to Structure Cross border business operations
• Transfer pricing – what is this and why is it relevant?
• Funding New Zealand and international operations
• New Privacy Principle 12 - Cross-Border Disclosures
• Inbound GST issues – issues in relation to the remote supply of goods and services