RSM New Zealand

Tax

Is your business operating across multiple international markets?

It can take a huge amount of time and dedication to keep up to date with the ever-growing complexity of tax rules. RSM New Zealand’s tax consultants specialise in working with individuals and organisations that need the latest in-depth knowledge of local taxation rules.

Our team also provide skilled taxation advice that promotes seamless co-operation between tax professionals in different areas so you can make informed choices about your tax strategies.

Our tax services include

Corporate tax compliance and planning

Tax is an unavoidable part of doing business – and getting it wrong can have a negative impact. But working with RSM New Zealand’s tax specialists can make sure your business is equipped to navigate the complexities of tax legislation and meet all its obligations. Our corporate tax advice has benefited a wide range of corporate clients thanks to our balanced and integrated approach.

International tax planning

Are you thinking about expanding your New Zealand business into an overseas market? Looking at New Zealand as a new area for your global operations? Or does your business already have a presence in New Zealand – but you don’t fully understand your tax obligations? With the help of our experienced tax consultants, we can help you with all your international tax planning needs.

Personal tax planning and compliance

The financial needs of high-earning individuals and families can often be complex and difficult to understand. RSM New Zealand’s comprehensive tax planning and compliance service will ensure you’re able to make informed decisions when managing your income and investments – such as taxation advice for overseas investments, income tax planning and charitable giving.

Tax audit insurance

Tax audits can be expensive and are becoming more common. If your business or individual tax return is the subject of a random audit, enquiry or investigation, you’ll be responsible for paying the fees involved – which can run into thousands of dollars. As part of our taxation services, we offer the most complete tax audit insurance available so that you’re protected from this threat.

Tax investigations

Inland Revenue Department (IRD) risk reviews, tax investigations or tax audits can be stressful and time-consuming. But these can also be a fact of doing business in New Zealand. Our tax specialists are trained to deliver a range of support services – including dealing and liaising with IRD on all matters relating to tax audits and investigations.

Transfer pricing

Our tax consultants are uniquely placed to offer high quality, professional transfer pricing advice to our cross-border clients. Our international network and our adoption of the RSM International Tax Centre of Excellence approach means that we’re able to help co-ordinate and tailor effective transfer pricing documentation at any level.

Year End Tax Implications

There are a number of issues  that need to be considered when preparing your year end financial statements. The timing and treatment of certain expense items can have tax implications, and in some cases the accounting treatments applied can result in tax efficiencies.  
26 March 2019

Impact of the Bywater decision

The Bywater Decision and the impact on New Zealand Incorporated Companies
19 November 2018

Standard Terms and Conditions - RSM New Zealand

Please note this document is only applicable to the trading entities RSM New Zealand (Auckland) and RSM New Zealand (Auckland North).  If you are an audit client through RSM Hayes Audit, you will be provided with a separate document outlining your engagement terms
1 June 2018

Trial balance - Issue 61, December 2017

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting. The Trial Balance is published quarterly in March, June, September and December Issue 61 - December 2017 In this issue:
1 December 2017

Business vehicles - lease or buy?

If you are considering buying a new vehicle for your business and require finance, you have a choice of two options: to lease or buy the new vehicle.
11 July 2017

7 July vs 31 March - when is your tax return due?

Did you know that if you use a registered tax agent like RSM New Zealand, you are granted an extension of time to file an income tax return? The most common tax period in New Zealand is from 1 April to 31 March the following year, but are you aware that there are two different deadlines for filing a return?
5 July 2017
PBE Accounting Standards Adoption –The good, the bad, and the ugly

PBE Accounting Standards Adoption –The good, the bad, and the ugly

New Zealand is now two years into our new accounting framework for Public Benefit Entities being applicable.  So how has it gone?  What has the experience been to date?  What can we learn from the adoption so far?
29 May 2017

Fundraising Magazine - PBE Accounting Standards Adoption

Fundraising New Zealand magazine has been New Zealand's premiere independent monthly subscriber publication for the not-for-profit sector, and associated support organisations and individuals, since 2002.
29 May 2017
Narrow-scope amendments to the presentation of financial statements for for-profit entities

Narrow-scope amendments to the presentation of financial statements for for-profit entities

An initiative was launched internationally to explore how disclosures in IFRS can be amended to improve the way in which information is disclosed and presented in financial statements. Narrow-scope amendments to IAS 1 were issued by the IASB and approved by the NZASB for use in NZ IFRS.
10 May 2017

New transfer pricing developments bring new risk for New Zealand multinationals

The Inland Revenue Department (“IRD”), as we expect, is continuing its work tightening the so called “loopholes” in New Zealand’s (“NZ’s”) current tax regime for multinational enterprises (“MNE’s”).
3 November 2016

Undeclared cash jobs in construction sector

Undeclared cash in the construction sector remains a high priority for the Inland Revenue (IR).  You’ll probably recall recent advertising that they have done, and you may have seen the advertising that they are running at the moment.
25 October 2016

Do you provide remote services to NZ residents?

Are you a non-resident business supplying remote services to NZ resident consumers? If so, you may be required to be registered for New Zealand GST and charge GST on services provided to NZ resident customers from 1 October 2016. When do you need to register for GST? You will need to be registered for GST when:
12 October 2016

How is your team morale?

A vital ingredient of any successful business is team morale. It becomes of paramount importance if your business is going through difficult times, and we don’t just mean “hard times”.
12 September 2016

Trial balance - Issue 56, September 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 56 - September 2016 In this issue:
1 September 2016

Effective law change for related party transactions and transfer pricing documentation

There has been a lot of commentary regarding the Organisation for Economic Co-ordination and Developments (“OECD”) base erosion and profit shifting (“BEPS”) report.
16 August 2016

Kiwis read annual statements but fail to follow up

KiwiSaver providers must send out an annual statement to all their members in the three months following the end of the financial year (May-July).
7 July 2016

New residential land tax from 1 July

You may be aware that Residential Land Withholding Tax (RLWT) will soon apply to sales of certain properties in New Zealand. Will the implications of this new regime be relevant to you or your business?
28 June 2016

Phishing scam alert : IRD warning

Police have urged the public to be vigilant after recent reports revealed that callers pretending to be from government departments, predominantly the Inland Revenue Department (IRD) had demanded money in the form of vouchers. 
23 June 2016

Trial balance - Issue 55, June 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 55 - June 2016 In this issue:
1 June 2016

What are your rights as a trust beneficiary?

Beneficiaries’ rights to trust information have been challenged in the recent Court of Appeal decision in Erceg v Erceg.   Prior to the Court of Appeal decision in Erceg v Erceg it was settled law in  New Zealand that beneficiaries had a right to trust information.
4 May 2016

IRD’s 2015 international questionnaire and basic compliance package

In February 500 tax payer groups received a letter from the Inland Revenue Department (“IRD”) as part of their basic compliance package (“BCP”) process.
26 April 2016

Government announces the business tax proposals targeted at SMEs

As part of his pre-Budget speech in Wellington today, Prime Minister, John Key, announced a business tax package which “will reduce compliance costs and makes tax simpler for small business”.
13 April 2016
A spotlight on transport

A spotlight on transport

Profit margin is a measure used to define job effectiveness.  Third party logistics (3PL) companies remain relevant and competitive by being cost effective.  Longer route times, trickier cargo and an increase in customer demand around time and cost have driven the need for 3PL companies to collaborate for effective solutions.
6 April 2016
A spotlight on transport

Governance 101

At RSM we love to share good ideas, innovation, and helpful resources. The team at Sport NZ are in our view leaders in providing useful information and educational material to sports organisations. However much of this good information equally translates to valuable resources for the wider NFP/Charitable sector.
5 April 2016
Merger Delivers Growth for RSM in New Zealand

Merger Delivers Growth for RSM in New Zealand

The merger of chartered accounting firms RSM and Nexia New Zealand’s Auckland operations will deliver a stronger, mid-market offering in accounting and business solutions.
1 April 2016
New Trends in Financial Reporting – Integrated Reporting

New Trends in Financial Reporting – Integrated Reporting

In an earlier article we have previously written about new trends influencing financial reporting including the concept of Integrated Reporting. 
24 March 2016
Innovation a mainstay in modern business  

Innovation a mainstay in modern business  

Innovation is crucial to the continuing success of any organisation, no longer relegated to the back-burner, innovation has now become a necessity in modern day business. Whether you are looking to streamline processes and procedures or embarking on transforming your ideas into reality, being innovative is an important ingredient when
22 March 2016
Nicola Hammond promoted to Partner

Strength in leadership and diversity at RSM

Announcement of Nicola Hammond as Partner at the Auckland office on 1 April 2016 brings ratio of female partners to 21% across the group
16 March 2016

Could your R&D tax losses translate to a cash refund?

Turn hard work into a cash advantage - could your company’s R&D tax losses translate into a cash refund?
3 March 2016

Trial balance - Issue 54, March 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 54 - March 2016 In this issue:
1 March 2016
Corporate tax

Large enterprise focus by the IRD

The Inland Revenue Department (IRD) has this month released their quarterly large enterprise update. Unsurprisingly the update includes some changes to the IR’s focus on transfer pricing. This is without doubt the start of the IR’s response to the OECD’s Base Erosion and Profit Shifting (BEPS) project.
29 February 2016

International tax alert : BEPS action plan

With the OECD’s base erosion and profit shifting (“BEPS”) action plan final reports having been released late in 2015, it’s now time to take note of the potential risks that the plan poses. This article provides an overview of the main risk areas and for this reason we have not provided commentary on all 15 action points.
24 February 2016

Fast Tax Fact: Samoa double tax agreement

The New Zealand - Samoa double tax agreement "DTA" is now in force. 
3 February 2016

What is provisional tax?

Provisional tax is not a separate tax.  It is income tax paid in advance during the year because of the way you, your company or your trust earns its income.  Provisional tax helps you to “spread the load” to avoid a large end of year tax bill. 
27 January 2016

Press release - Emily Xu promoted to Principal

New Zealand Chartered Accounting firm, RSM New Zealand have today announced the promotion of Ms Emily Xu to Principal of its Asian accounting group. She will continue to be responsible for the growth and development of specialised services to migrant and overseas investors. 
11 January 2016

A trustee's tax liability

Did you know trustees are personally liable for the tax obligations of a trust? You may think this is obvious, but have you thought about what tax consequences there may be when you resign as a trustee? The Inland Revenue Department (IRD) have recently released a notice reminding trustees to keep their records up to date -
21 December 2015
Tax on Christmas presents and parties

Tax on Christmas presents and parties

If you’re holding a Christmas function or giving work gifts, you may be able to claim tax back.
1 December 2015

On the fringe of an IRD Review?

The Fringe Benefit tax (FBT) rules are complex and often misunderstood by employers. FBT seeks to tax all non-cash benefits provided by an employer to an employee or shareholder-employee as a result of their employment, with the obligation to return the tax falling on the employer.
29 October 2015

GST changes on imported services and digital content

Are you on-line with the proposed GST changes on imported services and digital content?
21 August 2015
Who holds the keys to change?

Who holds the keys to change?

Getting change to occur in any organisation is difficult. Often it seems even more so in the NFP/charity sector. We explore some of the reasons why and seek to answer the question; “Who holds the most effective keys to facilitating change.” Background
14 July 2015

Are you ready for your IRD risk review?

Multinationals are the focus of the IRD for the next two years
19 May 2015
Impact of New Zealand's financial reporting changes

Impact of New Zealand's financial reporting changes

There has been huge change in financial reporting legislation in New Zealand in recent years. A direct result is different financial reporting and assurance requirements for different types of entities going forward.
25 February 2015

IRD risk review focus for multinational corporations

Amongst other things, protecting our clients’ business means, to us, ensuring that they are aware of the compliance and risk review focus of the Inland Revenue Department, and all necessary steps are taken to minimize the clients’ risks and exposure.  One of the major concerns for Inland Revenue is taxation of m
19 February 2015
Your organisation is at risk from fraud!

Your organisation is at risk from fraud!

Hopefully that headline gets your attention. Sadly in our experience as auditors this statement is true. We are yet to find the perfectly protected organisation when it comes to fraud risk. However there are some basic things any organisation can do to help protect itself.
14 February 2015

The Evolution of Tax: a fifty year perspective

A thought-leadership paper analysing the future evolution of the tax landscape, benchmarked against tax trends of the last 50 years. It includes the opinions of over 50 RSM tax leaders from around the world.
1 December 2014

Changes to IRD payment service at Westpac

From 1 October 2014 customers will no longer be able to make cheque payments or drop off returns or forms at a Westpac branch for Inland Revenue Department (IRD) payments.
13 October 2014
What you need to know about share based payments

What you need to know about share based payments

A key challenge for owners big and small is how best to keep the attention and motivation of management aligned with those of the board and ultimately the owners of a company.
7 October 2014

How can we help you?

Contact us by phone 0800 774 623 or submit your questions, comments, or proposal requests.


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Tax : reminders and important dates

15 January
Provisional tax instalments, student loan interim payments, GST and employers' returns and payments due  more

28 January
GST returns and payments due  more

7 February
Do you have a bill to pay by 7 February?  more

28 February
Provisional tax payments for ratio option customers and GST returns and payments due  more
28 March
GST returns and payments due  more

31 March
Student loan repayments due for overseas-based borrowers more

Final date for ratio option provisional tax applications more

7 April
Did you have a bill to pay by 7 April? more
30 April
Received your tax credit claim form for donations or childcare? more
7 May
Provisional tax instalments, student loan interim payments, GST returns and payments due  more
28 May
GST returns and payments due  more
28 June
Provisional tax payments for ratio option customers and GST returns and payment due more

7 July
Due date for income tax returns more

* If you are with a registered tax agent, this due date is extended to 31 March the following year

28 July
GST returns and payments due  more
28 August
Provisional tax instalments, student loan interim payments, GST returns and payments due  more
28 September
GST returns and payments due  more
30 September
Student loan repayments due for overseas-based borrowers more
28 October
Provisional tax payments for ratio option customers and GST returns and payments due more

28 November
GST returns and payments due  more