Taxation
Rule Changes April 2006
After 1 April 2006 new
migrants and returning New Zealanders who have not been
tax-resident for at least ten years are 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, FBT
and Miscellaneous Provisions) Bill
|
