23 Tax Residence – Understanding the Rules for Individuals, Companies & Trusts (Webinar Recording)
excl. GST - Broadcast Date: 4 May 2023
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Product Description
Tax residence forms the core of tax decision making. It is vital that decisions on this are correctly made up front.
In this webinar, we outline the tests and practical decision making to help you and your clients get this right.
Topics include:
• Tax residency tests for individuals and companies under our domestic tax legislation
• Tax residency and the Double Tax Agreement tie breaker tests
• Transitional residency and its intricacies
• Considerations for Trusts
• Differences for GST
Upon satisfactory completion of this activity you will be able to:
• Determine whether an individual is New Zealand tax resident domestically or not;
• Determine whether a company is New Zealand tax resident or not;
• Apply the above tests to the various parties to trusts and comprehend some of the consequences that can arise and elections that may need to be made;
• Understand the application of the tie-break tests in double tax agreements; and
• Understand the application of the transitional resident exemption and some of the common mistakes that occur with this.
Total of CPD Hours: 1.25 (1 Hour 15 min)
Suited to:
Accountants (foundation, intermediate) preparing tax returns for new or transitional residents and those advising individuals on tax residency issues.
Lawyers, immigration advisors and other professionals dealing with new residents
PRESENTER:
Richard Muth, Senior Manager – Tax Advisory, Findex/Crowe
Richard Muth is an experienced taxation practitioner at Findex / Crowe having more than 10 years of experience with clients ranging from large multinational groups, Australasian groups, New Zealand based SMEs along with high net worth individuals.
A core specialty of Richard’s is helping those who are looking to call New Zealand home understand what this means for them from a tax viewpoint. Richard also helps those looking to take up opportunities overseas understand how New Zealand will or will not tax them while they are away.