When investing offshore, unless this is in a tax haven, taxpayers are likely to incur foreign tax.

When returning the income in NZ, it is important to ensure that the maximum foreign tax credit available is claimed to mitigate any double taxation.

The amount of the claim will be dictated by a number of factors, including the nature of the income and whether a Double Tax Agreement applies. With the introduction of the IR 1261, the Inland Revenue has indicated they will be focusing on Foreign Tax Credits from an audit perspective; therefore, it is imperative to ensure they are being claimed correctly.

This course will cover what a foreign tax credit is, limitations related to these, and different scenarios of when they can be claimed.

This course will be suited to:

• Accountants and tax advisors at an entry to intermediate level.