Ngā hinonga hira Significant enterprises

The customer base for Significant Enterprises includes: 

• state-owned enterprises
• mining operators
• high-wealth individuals 
• smaller subsidiary companies under the ownership of prominent multinational corporations
• non-resident entertainers non-resident contractors.

These customers fall into 1 of the following categories:

• companies or groups of companies with annual turnover in excess of $100 million
• companies whose industry is governed by specialised taxation legislation
• large companies who have non-resident ownership.

Industry types with specialised taxation needs

The Crown industry

This team deals with all aspects of taxation and services for the Crown industry which includes:

• government departments
• local authorities
• CCOs: Council Controlled Organisations
• state-owned enterprises and other Crown-owned entities
• power companies
• port companies
• airports
• public sector hospitals
• tertiary education institutions
• Crown research entities.

High-wealth individuals

High-wealth individuals either have, or are in control of, wealth in excess of $50 million and often have complex tax affairs.

Their sources of income include:

• property development
• investment
• retail business
• agriculture
• tourism
• manufacturing
• finance.

High-wealth individuals get expert advice and assistance from business advisors, including accountants and lawyers.

The Significant Enterprises team is actively working with high-wealth individuals and their associated entities such as companies, trusts and partnerships.

High-wealth individuals research project

The Manufacturing industry

This team deals with all aspects of taxation and service for the Manufacturing industry which includes:

• assembly industries
• chemicals
• construction
• electronics
• food and beverage products
• packaging
• personal care products
• textiles
• tobacco
• whiteware
• wood-based products.

The Services industry

This team deals with all aspects of taxation and service for the Services industry, which includes:

• land, sea and air transportation
• telecommunications
• motor vehicle assemblers and distributors
• advertising
• computer and software manufacturers and distributors
• tourism and hotels
• casinos
• retail and wholesale
• newspapers
• property holding
• television and radio
• pharmaceuticals.

The Financial industry

• New Zealand-registered banks
• large finance and investment companies
• large building societies
• credit unions
• unit trusts
• group investment funds
• superannuation schemes
• life insurance companies
• general insurers
• reinsurers.

Non-resident entertainers and sportspeople

Non-resident entertainers are people who perform in public or in front of a camera as:

• actors, entertainers, musicians, singers, dancers, comperes or other artists whether alone or in a group
• sportspeople and athletes in any sporting event or game
• lecturers and speakers, whether on a casual or regular basis.

A non-resident entertainer can be an individual, company, partnership, trust or any other entity.

Non-resident contractors team

The Non-resident Contractors Team is a specialised unit within Inland Revenue. They deal with all tax enquiries and issues for non-residents performing contract activity in New Zealand, including the provision of services and leasing of equipment.

The Non-resident Contractors

Non-resident contractors (both individuals and non-individuals) need to provide details of their activity in New Zealand to the Non-resident Contractors Team so they can work out what taxation liabilities if any may exist.

Non-resident contractors

The Resources industry

This team deals with all aspects of taxation and service for the Resources industry which includes:

• agricultural services
• fishing
• primary produce processing and export
• mineral mining, processing and wholesale
• non-resident contractors operating in New Zealand.