Doing business in New Zealand - Grant Thornton

More documents

Recommendations

Info

Contents 3 Foreword 4 Country profile 6 Regulatory environment 8 Finance and banking 9 Imports 10 Business entities 12 Labour 15 Financial reporting and audit 18 Tax Doing business in New Zealand 2
Foreword If you are planning on doing business in New Zealand knowledge of the investment environment and information on the legal, accounting and taxation framework are essential to keep you on the right track… New Zealand is a relatively small trading market in world terms. It welcomes foreign investment and is a relatively easy country in which to do business. Nevertheless, it is essential that prospective investors obtain advice concerning regulatory, legal and cultural issues arising from the conduct of business in New Zealand. Grant Thornton has prepared this guide to assist those interested in doing business in New Zealand. It includes legislation in force as of 1 August 2012. The guide does not cover the subject exhaustively but is intended to answer some of the important, broad questions that may arise. When specific problems occur in practice, it will often be necessary to refer to the laws and regulations of New Zealand and to obtain appropriate accounting and legal advice. If you require any further information, please do not hesitate to contact your nearest Grant Thornton New Zeland office, details of which are noted on the back cover. Grant Thornton International Grant Thornton International is one of the world’s leading organisations of independently owned and managed accounting and consulting firms, providing assurance, tax and specialist advice to privately held businesses and public interest entities. Member firms focus on helping businesses reach their commercial goals by providing practical, customised solutions and identifying and pursuing business opportunities domestically and internationally. They share a commitment to providing the same high quality service to their clients wherever they choose to do business. Grant Thornton International and member firms are not a worldwide partnership. Services are delivered independently by member firms within Grant Thornton International, a non-practicing, international umbrella organisation that does not deliver services in it own name. Grant Thornton New Zealand Grant Thornton New Zealand is a major firm of chartered accountants with offices in the three main centres of Auckland, Wellington and Christchurch. As a member firm of Grant Thornton International we are able to combine the knowledge and experience of our local marketplace with the technologies, methodologies and specialist resources of a professional services organisation at the forefront of the global accounting profession. Our policy is to provide a high quality and partner-led service that is tailored to the client’s needs wherever the client operates. Our client service teams comprise professionals with the requisite skills to deliver practical and cost effective business solutions. Our range of services includes: • Accounting and business advisory • Assurance and internal audit • Business risk services • Business transformation • Corporate finance • Government advisory • Recovery and reorganisation • Tax compliance and advice • Transaction services • Wealth management • Other specialist services such as litigation support, forensic accounting and independent reports Doing business in New Zealand 3
Page 1: Grant Thornton New Zealand 2012 Doi
Page 5 and 6: • Queen’s Birthday - 1st Monday
Page 7 and 8: • The Credit Contracts and Consum
Page 9 and 10: Imports Import restrictions There a
Page 11 and 12: Branch in New Zealand Registration
Page 13 and 14: Paid parental leave Paid parental l
Page 15 and 16: Financial reporting and audit Domes
Page 17 and 18: From 2013 onward the criteria for d
Page 19 and 20: Attributed foreign income New Zeala
Page 21 and 22: Non-residents Non-resident withhold
Page 23 and 24: Groups Each company in a group file
Page 25 and 26: Individuals Individuals are taxed i
Page 27 and 28: Returns GST returns are filed on a

Doing business in New Zealand - Grant Thornton

Create successful ePaper yourself

Delete template?

Save as template?