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New Zealand

Trust

Taxes

A trust established in New Zealand may not be subject to local taxes applicable to the assets and income of the trust, provided that no residents of New Zealand benefit from the trust and no physical assets are located there.

It must be noted that the choice of law of the trust would not be applicable to tax matters, which would be governed by the respective jurisdiction where the settlor, beneficiaries, assets or trustee are located, as applicable.

You should consult with your tax advisor or accountant to know the tax implications in your jurisdiction of residence when establishing a trust in New Zealand, transfer assets to it and receive profits from said assets.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • - Offshore Income Tax Rate
  • - Corporate Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 15% Dividends Withholding Tax Rate
  • 15% Interests Withholding Tax Rate
  • 15% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • Indefinitely Losses carryforward (years)
  • FIFOAverage cost Inventory methods permitted
  • 3% Social Security Employee
  • 3% Social Security Employer
  • 33% Personal Income Tax Rate
  • 15% VAT Rate
  • 58 Tax Treaties

Country details

New Zealand
NZD
Wellington
Oceania
e n - N Z , m i
4252277

New Zealand is a country of Oceania member of the Commonwealth. Located in the southwest of the Pacific Ocean and formed by two great islands: the North Island and South Island, along with many other smaller islands, standing out among them Stewart Island and the Chatham Islands.

The Kingdom of New Zealand also includes the self-governing autonomous states of Cook Islands and Niue, and Tokelau. It has a population of over 4.5 million inhabitants.

The capital is Wellington, but its most populated city is Auckland, both located on the North Island. Its official languages are English, Māori and the sign language of New Zealand.

Its official currency is the New Zealand Dollar (NZD), being one of the ten largest global transaction currencies.

Its cities are among the best quality of life in the world. New Zealand is a developed country ranking high in international ranks such as absence of corruption, educational attainment and economic freedom, human development index, democracy indexes, freedom and respect for civil rights.

New Zealand is a constitutional monarchy and a parliamentary democracy. The monarch of the United Kingdom is the head of State and has the title of King of New Zealand, under the law of royal titles of 1974. The monarch is represented by the governor general, who is appointed by her with the exclusive advice of the prime minister.

The governor general appoints the ministers of the crown with the advice of the prime minister who is, by convention, the leader of the governing party or coalition, that is, with the majority in parliament. The cabinet, headed by the prime minister, is the highest policy-making body and consists of the majority of the Crown ministers.

The New Zealand parliament is the representative of the legislative power and is made up of the sovereign (represented by the governor general) and the House of Representatives.

New Zealand has a modern, prosperous and developed market economy. It is very dependent on international trade, particularly for agricultural products.

Its main export products come from agriculture, horticulture, fishing and forests, which are: dairy products, meat, wool, fruit, fish and wine. Its most important manufacturing industries include aluminum production, food processing, metal fabrication, wood and paper products.

However, the services sector is the most important sector, with tourism playing a major role in its economy.

The jurisdiction has an attractive regulation for the establishment of asset protection trusts. The New Zealand Foreign Trust regime provides protection against asset claims, confidentiality and tax exemption for trusts established in its territory by non-residents.

Tax treaties

Country Type Date Signed
Russian Federation DTC  2000-09-05
Czech Republic DTC  2007-10-26
China DTC  1986-09-16
Australia DTC  2009-06-26
Chile DTC  2003-12-10
Gibraltar TIEA 2009-08-13
Jersey TIEA 2009-07-27
Isle of Man TIEA 2009-07-27
Samoa TIEA 2010-08-24
Norway DTC  1982-04-20
Fiji DTC  1976-10-27
Ireland DTC  1986-09-19
Papua New Guinea DTC  2012-10-29
Dominica TIEA 2010-03-16
Vanuatu TIEA 2010-08-04
Saint Kitts and Nevis TIEA 2009-11-24
Denmark DTC  1980-10-10
Saint Vincent and the Grenadines TIEA 2010-03-16
Japan DTC  2012-12-10
Bermuda TIEA 2009-04-16
Turks and Caicos Islands TIEA 2009-12-11
Korea, Republic of DTC  1981-10-06
Sweden DTC  1979-02-21
Mexico DTC  2006-11-16
Belgium DTC  1981-09-15
Cook Islands TIEA 2009-07-09
Marshall Islands TIEA 2010-08-04
Malaysia DTC  1976-03-19
Indonesia DTC  1987-03-25
Turkey DTC  2010-04-22
Viet nam DTC  2013-08-05
Hong Kong, China DTC  2010-12-01
Canada DTC  2012-05-03
South Africa DTC  2002-02-18
Germany DTC  1978-10-20
Poland DTC  2005-04-21
Anguilla TIEA 2009-12-11
United Kingdom DTC  1983-08-04
Philippines DTC  1980-04-29
United Arab Emirates DTC  2003-10-22
Austria DTC  2006-09-21
Netherlands DTC  1980-10-15
Bahamas, The TIEA 2009-11-18
Sint Maarten TIEA 2007-03-01
Switzerland DTC  1980-06-06
Spain DTC  2005-07-28
United States DTC  1982-07-23
Singapore DTC  2009-08-21
Chinese Taipei DTC  1996-12-11
Thailand DTC  1998-10-22
India DTC  1986-10-17
Curaçao TIEA 2007-03-01
Niue TIEA 2012-08-29
Italy DTC  1979-12-06
Cayman Islands TIEA 2009-08-13
Finland DTC  1982-03-12
France DTC  1979-11-30
Guernsey TIEA 2009-07-21

Procedures

We can help you incorporate a Trust in New Zealand.
Please, contact us to request a free, no obligation consultation.

Disclaimer

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