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Te whiwhi moni whiwhi o tāwāhi a te kainoho tāke o Aotearoa New Zealand tax resident earning overseas income

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You need to:

  • get an IRD number
  • pay tax on your income from New Zealand and overseas.

You might need to file a tax return.

Some of your overseas income might be exempt from tax if you’re a new migrant coming to live in New Zealand or a returning New Zealander.

You might be able to claim a credit for tax you’ve paid to another country.

You need to get an IRD number

If you do not already have one, you need to get an IRD number. When you give your IRD number to your employer or payer we can keep track of the tax you pay.

Who needs to file an individual tax return?

You need to file an individual tax return at the end of every tax year you receive income from overseas. Common examples of overseas income are:

  • interest you earn from overseas bank accounts
  • interest you earn from money invested overseas
  • rental income from property you own overseas
  • salary and wages paid from overseas
  • foreign pensions.

If you were a New Zealand tax resident for part of the tax year you need to show your income earned as a resident and as a non-resident separately in your individual tax return.

You need to file your return by 7 July unless you have a tax agent or an extension of time.

The tax year is from 1 April to 31 March.

You need to pay tax on your income

After the end of the tax year you need to pay tax on:

  • income from New Zealand that has not been taxed
  • income from New Zealand that has been taxed too low
  • income from overseas, even if you did not bring the money into New Zealand.

Some of your overseas income might be exempt from tax if you are a new migrant coming to live in New Zealand or a New Zealander returning home after 10 years.

If New Zealand has a double taxation agreement (DTA) with the other country, you or your tax agent should check how this affects your tax.

If you need to pay tax to another country

You or your tax agent need to work out how the tax laws of the other country apply to you.

If you’ve paid tax to the other country on your overseas income you might be able to claim a credit in your individual tax return.