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| Thread ID: 68160 | 2006-04-19 22:55:00 | worldwide income-what is it? | lance4k (4644) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 447750 | 2006-04-19 22:55:00 | can anyone tell me what reporting ur worldwide income is? I was reading if u have a business based overseas u have to report ur worldwide income to the ird. Is this just filling in a personal tax return every year is it? | lance4k (4644) | ||
| 447751 | 2006-04-20 00:23:00 | I'd guess it's for international companies and means the combined income from every country/branch they run. As opposed to just NZ income. | george12 (7) | ||
| 447752 | 2006-04-20 03:33:00 | Ah well, Dr Cullen wants to tax you on all of your income as a New Zealand resident. If you earn any money from overseas, such as dividends from Australian shares (quite common) you are required to declare that. What's more, you don't get the benefit of any tax already paid in the country of origin. Nothing new about this. I've known people working in Saudi, Malaysia etc taxfree who have had to pay tax here on their earnings. However what is new is the intention to tax overseas investments in various ways from 1 April 2007. So the IRD are looking for evidence of overseas investments. |
Winston001 (3612) | ||
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