Taxes

Are you a non-resident of for tax purposes?

As soon as you have been away from New Zealand for 325 days in a 12 month period, you may qualify to be a Non-Resident for tax purposes with the NZ IRD.

What does this mean?

You do not have to declare any money earned overseas.
You are eligible to pay tax at the NRWT rate on interest earned in New Zealand (basically zero%).
You must complete a Non-Resident Income Tax Return.

If you have been away from New Zealand for over the 325 day threshold, you may be entitled to a Tax Refund.

How can we help?

Vela Bravo can help you complete your Non-Resident declaration and any Income Tax returns on your behalf. We charge a flat fee of €300 for a non-resident return.

Are you visting New Zealand on a superyacht?

As of May 2002, crew on superyachts visiting New Zealand are exempt from paying income tax for the duration of their stay. Yacht owners are not charged GST on refit work and services completed while in New Zealand.

For more information, contact info@velabravo.com