Master the rules for foreign tax credits, compliance requirements, and audit preparation to optimize tax outcomes for overseas income.
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:
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Senior Manager – Tax Advisory at Findex/Crowe
Marilyn Maloney is a Senior Manager of Tax Advisory for Findex/Crowe, the largest accounting firm in New Zealand specialising in the SME/HNWI space. Marilyn has been practising in tax advisory for 16 years. Her background includes working for Inland Revenue for 15 years and assisting clients as a Client Manager for 7 years. She provides practical tax advice in all areas of tax.
