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NZ tax Q & A

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vinny:
What is the tax situation for NZ citizens? How do I apply for Korean tax exemption and where can I find the application form?

Thanks

Daejeon:
There is no residence certificate for NZ, so you will need a letter from the IRD.  You will need to explain to the KTA the residence letter doesn't exist.  The form can be completed and given to your school administrator to file for you.  Also, tax exemption is only applicable to those working in government funded schools (public schools)

vinny:
Ok thanks! Is there a cut off point for which this needs to be filed, like the first two weeks or anything? and also, are there any snags on returning to NZ? I've heard something about being stung with having to pay the full NZ tax for what I've earned while away.

Daejeon:

--- Quote from: vinny on August 29, 2011, 12:10:14 pm ---Ok thanks! Is there a cut off point for which this needs to be filed, like the first two weeks or anything? and also, are there any snags on returning to NZ? I've heard something about being stung with having to pay the full NZ tax for what I've earned while away.

--- End quote ---

They will prefer you to submit within the first 2 months, but it is retroactive so it shouldn't matter.
You cannot be charged tax in NZ on foreign income provided you are a NZ non resident for tax purposes (living outside the country for greater than 183 days).

dash17:
Thanks. So I just need to show my school admin a letter from the IRD with my name, address and IRD number?

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