Key details...

Cost: $1,760 (inc GST)

Duration: 1 or 2 Days

PD Points: 13

About the course...

We are pleased to present our first New Zealand Tax Workshops in Australia. The workshops will build on our popular one day corporate tax compliance course (held in May each year), through in-depth and practical sessions on the key areas of New Zealand tax facilitated by senior PwC New Zealand tax specialists.

The tax world is rapidly changing, and it is no different in New Zealand. Keeping up to date with recent and proposed legislative tax changes, adopting digital technologies and having a constructive relationship with Inland Revenue are critical to operating a successful business. Our workshops will ensure your tax knowledge is fit for purpose so you can add value to your organisation.
Our workshops will be held over two days. You can register for both days, or each day individually.
The workshops will be fun and interactive, to help you understand your responsibilities and requirements in meeting your New Zealand tax obligations. All key taxes will be covered, including income tax, GST, FBT and payroll obligations. Tax issues specific to New Zealand businesses with overseas shareholders or subsidiaries will be covered including transfer pricing, financing and employee mobility.

Senior PwC New Zealand tax specialists will present and facilitate the workshops, including:

Tom McCallum

Tom McCallum is a Director in PwC’s Wellington office with over 13 years of tax experience. He started his career with PwC in London before moving to Wellington in 2009. He has a broad base of clients across different industries including high net worth individuals, private businesses and partnerships, multinationals and listed companies. Tom leads the delivery of NZ tax services to over 50 clients that are headquartered in Australia and has wide experience in advising clients on complex tax issues as well as focussing on the annual compliance processes and the challenges these bring.

Connect with Tom on LinkedIn

 

 


Jodee Webb

Jodee Webb is a Director in PwC’s Wellington office. Jodee has over 13 years tax experience with a predominantly corporate tax background specialising in M&A and accounting based issues and compliance. Jodee has a wide client base covering the infrastructure, natural resources and energy sector as well as corporate entities with trans-tasman considerations.

Connect with Jodee on LinkedIn


Cost:

Day one + two: Day one only: Day two only:
AU$1,600 + 10% GST per person: AU$900 + 10% GST per person AU$900 + 10% GST per person

Price includes morning and afternoon tea, and lunch. CPD: 6.5 hours per day.

 

Any queries can be directed to erin.k.aspros@nz.pwc.com form PwC New Zealand.

Course overview...

All key taxes will be covered, including income tax, GST, FBT and payroll obligations. Tax issues specific to New Zealand businesses with overseas shareholders or subsidiaries will be covered including transfer pricing, financing and employee mobility.

Day One

9.00am – 4.30pm

Introduction (30 mins*)
  • Overview of New Zealand’s tax framework
  • A new Government: what do we expect?
Tax knowledge sharing – essential updates (1 hour)
  • Important legislative changes that have been enacted/due to commence
  • New provisional tax rules: practical tips to maximise interest outcomes and minimise risks
Corporate income tax compliance refresher (1 hour)
  • An interactive and practical case study based session where you can put your existing knowledge to the test in completing a tax calculation
Advanced corporate income tax case studies (2 hours)
  • Based on our long running (30 years) and famous New Zealand Facts on Tax series
  • This session uses a number of scenario based questions offering a practical and interactive way of learning
  • Topics cover recent and key topical tax issues for organisations operating in today’s environment, including issues we see Australian based tax managers facing
Keeping Inland Revenue happy (1 hour)
  • Overview of the Inland Revenue annual risk review framework and current areas of focus
  • Options if you discover a mistake
  • Managing Inland Revenue audits and risk reviews
  • Inland Revenue transformation – what does it mean for future interactions?
Tax functions of the future (1 hour)
  • An exciting overview of some of the new tools available to help you with tax compliance
  • We’ll also provide an insight into emerging developments that will speed up compliance tasks, reduce risks and maximise outcomes

Day Two

9.00am – 4.30pm

  • GST & Customs (1.25 hours)
  • Common errors and areas of Inland Revenue attention
  • How to efficiently bring products into New Zealand
  • GST on vouchers – When is it charged? Who charges it? Is there an option? What about bad debts?
  • One year in – are you aware of and complying with New Zealand’s inbound GST requirements for non-residents?

Keeping compliant with a mobile workforce
(1.25 hours)

Our team of experts will answer all your hard questions:

  • When will an Australian (or other foreigners) become tax resident in New Zealand and/or be taxed on their NZ workdays?
  • Which workers need to file a tax return?
  • When is PAYE due, who has to report this and when does it start from?
  • What activities create a risk of a taxable presence in New Zealand for overseas employers?
  • Is there withholding tax on intercompany recharges for mobile employees?
  • What are the new employer reporting rules for share schemes?
  • Why has getting an IRD number got so much harder?
  • Engaging with contractors – what are the new withholding tax rules?

Taxation of investments (45 mins)

  • An overview of how investments in shares, funds and bonds are taxed including the exemptions available
  • Practical examples of how to calculate taxable income from CFC and FIF investments
  • What is a PIE, the different types and when they might be used
  • Reporting requirements

Fringe benefits – the risks associated with providing rewards (1.25 hours)

  • Common errors and areas of Inland Revenue attention
  • Differentiating between entertainment, marketing and fringe benefit expenditure
  • Implications of providing phones and other communication devices
  • Reducing your FBT bill – exemptions and calculation options

This session will have examples for participants to work through on their own and collectively

Challenges for a multinational business (2 hours)

  • Transfer pricing – the latest news on documentation, record keeping and reporting, acceptable methods for calculating intercompany charges, areas of Inland Revenue focus and audit activity
  • New Zealand’s response to the OECD’s BEPs project – a discussion covering issues papers released, draft legislation and what we may see in the future
  • Sensible structuring for a multinational business – how to efficiently repatriate profits from New Zealand while minimising the risk of Inland Revenue challenge
  • Withholding tax on cross border charges – including how to comply with the new ‘accruals NRWT rules’ and whether you can reduce the rate to 2% on interest payments
  • New Zealand’s Companies Office requirements – who needs to prepare and lodge audited financial statements? Recent rule changes
  • What practical impact might recent company law changes have on your business?

* session timings approximate

This workshop attributes 6.5 hours of Continuing Development Points (CPD) for each day.

There are no prerequisites for this course.

This workshop is designed for anyone who needs to understand the responsibilities and requirements in meeting New Zealand tax obligations.

You would benefit from this workshop if:

  • You are a New Zealand business with overseas shareholders or subsidiaries
  • You conduct international transactions with a related party

 

To enrol, simply select which course is best for your location.

Cost

Day one and two: AU$1,600 + 10% GST per person

or
Day one only: AU$900 + 10% GST per person

or
Day two only: AU$900 + 10% GST per person

(Includes morning and afternoon tea, and lunch. CPD: 6.5 hours per day)

 

The workshops will be fun and interactive, to help you understand your responsibilities and requirements in meeting your New Zealand tax obligations. All key taxes will be covered, including income tax, GST, FBT and payroll obligations. Tax issues specific to New Zealand businesses with overseas shareholders or subsidiaries will be covered including transfer pricing, financing and employee mobility.

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Course Dates

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Melbourne Mon 20 Nov 2017 Tue 21 Nov 2017 2 Day(s) Book now
Sydney Wed 22 Nov 2017 Thu 23 Nov 2017 2 Day(s) Book now

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