If you are tendering for a contract in New Zealand, what are the tax and compliance costs you need to manage?
Meeting tax and financial reporting obligations in a different country can be challenging and potentially costly without good local assistance.
A non-resident coming to New Zealand to carry out a contract needs to consider the tax obligations associated with performing services or selling goods in New Zealand, employing people in New Zealand, and importing goods into New Zealand.
Non-residents must also have a clear understanding of the financial reporting requirements when carrying on business in New Zealand, and whether an audit is required.
These obligations typically relate to these key areas:
KPMG is skilled and experienced with providing specialist advice and guidance to non-NZ residents who need information or help with tendering for work in New Zealand. Please phone us on 0800 224 254 to learn more.