Should You Pay Tax in the USA?
New Zealand imposes income tax on a residency basis. Once an individual or organization becomes resident for tax purposes in New Zealand, income tax is imposed on worldwide income during the period of tax residency. We can inform and navigate you through this process, and provide you with a taxes for expats review in respect of tax obligations in your home country if this is still relevant to your status.
Whether making a permanent or temporary move to New Zealand, several issues arise.
Multi-Layered Tax Structure
Income tax is imposed at the federal and state levels, and in some cases locally with city and county taxes. Inter-relationships exist between the three levels of income taxation, with tax rates varying according to the filing category of the taxpayer. Furthermore the imposition of capital gains tax, self-employment tax, Social Security & Medicare taxes, unemployment tax, gift tax, estate tax, excise tax and generation-skipping transfer tax frequently can be overwhelming when you pay tax in the USA.
Individuals and organizations either relocating or expanding operations from New Zealand to the United States may also have the implications of a remaining tax presence in New Zealand to address in addition to dealing with the United States tax system.
Tax obligations of United States Citizens and Lawful Permanent Residents, and find out about reparation and filing of the United States income tax return.