New Zealanders Working Overseas - Expatriates

After 1 April 2006 new migrants and returning New Zealanders who have not been tax-resident for at least ten years will be exempted from tax for four years on foreign income such as dividends, interest, royalties and rental income.

The ten year requirement is designed to ensure that New Zealand residents do not leave the country just to become eligible for the exemption.

The changes are part of the Taxation (Depreciation, Payment Dates alignment, Fringe Benefit Tax (FBT) and Miscellaneous Provisions) Bill

If you are working overseas you may like to send your spare money back to New Zealand to invest.

Refer also to:
Taxation,
Exchange rate calculator
Investment tax changes