The nature of New Zealand trust legislation creates an attractive environment for non-resident private investors to use New Zealand trusts to hold international investments and private assets. The New Zealand trust provides non-resident investors with a globally recognised structure for the tax effective preservation of private wealth.
1) New Zealand Tax System 2) New Zealand Anti-Money 3) Laundering Legislation.4) New Zealand Trust Legislation 5) New Zealand Trading Trusts 6)New Zealand Tax System
New Zealand is a high tax jurisdiction with a tax system primarily comprising an income tax and a 12.5% goods and services tax, each levied only on New Zealand residents or from income derived within New Zealand.The tax legislation includes strong anti-avoidance provisions and highly effective controlled foreign corporation (CFC) legislation. New Zealand does not have capital gains tax nor any other form of wealth tax.
The New Zealand tax system does not tax non-residents on foreign source income. Various legislative provisions ensure that this principle is applied.In 1988 reform of the tax system gave legal recognition to the tax exempt status of the foreign trust in respect of income derived from sources outside of New Zealand.
New Zealand has a broad network of double tax agreements with more than 30 countries, (including Australia, Canada, France, Germany, Italy, Japan, Netherlands, Spain, Switzerland, the United Kingdom and the USA).There are not expected to be any changes to tax laws that would diminish the attraction of New Zealand as a base for global investment.