Immigration to New Zealand: Do I have to pay taxes?

With the rapid growth of prices and house prices, more and more investors choose to emigrate overseas. As a country with the best environment, a large number of investors want to immigrate to New Zealand every year. Here, I want to remind investors that if you want to become a qualified New Zealand citizen, you must pay taxes to the New Zealand government. So, who needs to pay taxes to immigrate to New Zealand? What taxes do I have to pay?

Austar immigration experts said: When you first arrive in New Zealand, all your income, including personal wages and salaries, investment profits, allowances and overseas income, will be taxed. Generally speaking, when judging whether New Zealand is a tax resident, the following factors should be considered:

In any continuous 12 months, the individual has lived in New Zealand for more than 183 days, or worked in overseas New Zealand government departments, or has one of the following situations with New Zealand:

A. Live in New Zealand from time to time in stages

B. owning, leasing or accepting property in new zealand

C. Interested in living in New Zealand

D. receiving benefits, pensions and other remuneration in new zealand

Australian star immigrants-New Zealand seascape map

Careful immigrant friends will find that according to the above criteria, most of the friends of entrepreneurial immigrants will constitute tax residents of New Zealand, because most of the friends of entrepreneurial immigrants will live in New Zealand for 65,438+02 months and more than 65,438+083 days. Many immigration agents say that if it is less than 183 days, the immigration officer will ask for a reasonable explanation, otherwise it will be difficult to apply for your pr.

If entrepreneurial immigrants have lived in New Zealand continuously for more than 183 days and for more than 12 months, and thus become tax residents of New Zealand, they need to pay taxes in New Zealand on their overseas income. Then, do you need to pay taxes on the rental income of your house in China and the domestic business income you haven't given up? Isn't this the den of tigers and wolves?

The New Zealand government is more humane. New Zealand's individual income tax law specifically stipulates that in order to encourage those who choose to settle in New Zealand, most of their foreign income can be tax-free for four years.

So immigrant friends don't have to worry that the New Zealand government will tax your income in China. However, in the long run, immigrant friends still need to make good tax planning before emigration, so as not to leave the tiger's mouth and re-enter the wolf's den, especially those immigrant friends with relatively large domestic assets.