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  • Why is tax residency important?

    26 February at 10:18 from atlas

    Why is tax residency important?

    New Zealand residents are taxed on their "worldwide income", that is income from New Zealand as well as from other countries. For example, a New Zealand resident individual that receives interest income from the United Kingdom will be taxed on that income in New Zealand as well as the United Kingdom. However, generally New Zealand will give a foreign tax credit for any foreign tax paid.

 

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