Job Recruitment Website - Ranking of immigration countries - Do new immigrants need to pay taxes in New Zealand on their overseas income?

Do new immigrants need to pay taxes in New Zealand on their overseas income?

If a tax resident of New Zealand is also designated as a tax resident of that country by other countries (according to local laws), in order to avoid double taxation on income in the same year, New Zealand has signed double taxation agreements with some countries, which stipulates some rules to decide which country has the right to tax certain income. Most agreements stipulate which country has the priority to tax.

These countries include Australia, Belgium, Canada, China, Denmark, Fiji, Finland, France, Germany, India, Indonesia, Ireland, Italy, Japan, Malaysia, Norway, Korea, Singapore, Switzerland, Sweden, the Netherlands, the Philippines, Taiwan Province Province, Thailand, the United Kingdom and the United States.

If overseas income has been taxed in that country, it can be deducted when reporting in New Zealand, and the amount deducted shall not exceed the tax amount in New Zealand. If you want to apply for deduction, you must show the tax payment certificate of other countries.

If a person has left New Zealand for more than 325 days within 12 months, and has no permanent relationship with New Zealand or left to work for the government, then according to the 325-day rule, this person is not regarded as a resident, and he only needs to declare all income from New Zealand.

Generally speaking, overseas countries will allow non-New Zealand residents who have paid income tax in their own countries to deduct taxes. The tax year in New Zealand is from April 1 day to March 3 1 day of the following year. Most people and enterprises must fill in their income and tax payable in the tax return after March 3 1 every year.

Every taxpayer has his own tax identification number (IRD number), and everyone needs an IRD number to get income. In New Zealand, everyone has to file tax returns separately, and couples are no exception. Reference to global migration