File an annual return for a New Zealand foreign trust using paper forms

For a New Zealand foreign trust (NZFT) to remain eligible for its tax exemption on foreign-sourced income, the contact trustee or tax agent must:

New Zealand foreign trust annual return - IR900

Submit an IR900 for each tax year after registration.

You'll need to let us know the details for any distributions from or settlements to the trust, including the:

type of transaction - settlement or distribution
full name of the person receiving it - to be eligible, you'll need to disclose them as a settlor or beneficiary if they are not currently listed as such
type of settlement or distribution - cash, services, land, shares, financial arrangements or other
date paid or credited
currency
amount in the selected currency.

For a tax year, you'll need to include full details of any:

You'll need to make a declaration that the NZFT's connected persons have agreed to provide us with certain information.

These must comply with the minimum standards for financial statements.

The fee for annual returns is $50, GST included.

You will not need to pay this fee if all of the trustees are:

Make your payment to us through internet banking, filling in the payment details accurately.

You can email the forms and financial statements to:

Or, you can post them to:

International Revenue Strategy
Inland Revenue
PO Box 2198
Wellington 6140

We'll process your request within 10 working days of receiving it. If we need more information, we'll contact you.

You'll need to make sure that the financial statements you submit comply with the minimum standards.