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| Thread ID: 81048 | 2007-07-14 00:20:00 | Tax Rates | learning (5137) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 568957 | 2007-07-14 00:20:00 | Does anyone know what are the Tax rates for a non-resident investing say in term deposits in a Bank. Is it higher for a non resident or higher for a resident of NZ? Cheers |
learning (5137) | ||
| 568958 | 2007-07-14 01:10:00 | www.ird.govt.nz | godfather (25) | ||
| 568959 | 2007-07-14 06:46:00 | Thanks GF, Can anyone advise if they live in a country with which NZ has double tax agreement and have investments in NZ, who do you notify to ensure you are deducted at correct rate ? E.g if you lived in NZ but went to Aussie/USA and left behind a term deposit account with a bank in NZ which pays out interest regularly - since NZ has double tax agreement with Aussie/USA (i.e Both countries tax on worldwide income) then the NZ tax rate can be lowered to 10% tax rate according to: www.ird.govt.nz Also if your tax rate goes lower due to dbl tax agreement then will IRD contact your resident country i.e Aussie/USA to advise them that your tax rate has been lowered which alerts your resident country that you have external income coming as well and will tax your overseas income. Bottome line does IRD alert Aussie/US authorities, saying you have external source of income or are their system linked in someway ? :D |
learning (5137) | ||
| 568960 | 2007-07-14 13:58:00 | Talk to a tax accountant in person. This type of question is getting too complex for a straight yes/no answer over the internet. | techie (7177) | ||
| 568961 | 2007-07-14 22:41:00 | My bottom line is that you are intending to not declare income in your country of residence, and as such a scum I refuse to provide you with any information. | wotz (335) | ||
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