Taxation
Taxation in New Zealand
New Zealand has a relatively simple, low-cost tax system compared to other countries.
The following information is intended as a guide only. Professional advice should be sought prior to commitment to production, as the application of the tax rules will be facts specific and dependent on individual circumstances. In addition, tax laws may change; the information contained in this guide is only up to date as at the date of publication.
Please contact Film New Zealand to facilitate access to professional advice, or visit the screen production section of the Inland Revenue Department's website.
Summary of Key Taxes & Rates
Goods and Services Tax (GST)
Applies to all taxpayers making in aggregate more than $NZ40,000 of supplies in New Zealand in any 12 month period
12.5% on the value of the supply (excluding financial services, domestic accommodation)
0% for goods and services exported
All productions will incur GST on New Zealand costs that can be claimed back when GST registered.
Corporate Tax Obligations
The income tax rate is 33% of world-wide taxable income, net of allowable deductions, for companies tax resident in New Zealand, or if non-resident where income is sourced from New Zealand (lower than that of Japan, United States and Canada)
Double Taxation Agreements may provide relief in some circumstances
As most NZ crews are self-employed and take care of their own taxes, there are no compulsory fringe benefit tax obligations. Withholding obligations are noted below
Withholding tax will apply to all actors and performers
Withholding tax will apply to technicians unless they have an exemption certificate
Withholding tax may apply ...