Date posted: 28/04/2020
IR explains tax residence scenarios
Inland Revenue has considered a number of tax residence-related issues raised by COVID-19 and explains scenarios for each residence issue, including corporates and individuals.
The COVID-19 emergency has caused unintended and unprecedented consequences for the tax residence rules. People will be stranded in New Zealand who weren’t intending to be tax resident.
Inland Revenue says businesses may be impacted because of where directors, employees and individuals are currently located.
Inland Revenue has considered a number of residence related issues raised by COVID-19.
