Description

Payments to resident and non-resident contractors

The tax treatment of contractor payments is a minefield of obligations, potential exposure to past taxes and resulting shortfall penalties. The tax and commercial risks are often borne by the person making the payment.

Eliminate the tax risks of paying contractors, directors, labour hire firms and others e.g. film crew.

Topics to be covered include:

• Schedular payments e.g. commissions, maintenance work, film work
• Project payments to non-resident contractors for services and property located in NZ.
• Payments to directors (e.g. resident and non-resident directors)
• Applying for certificates of exemption and special rate certificates.

When pricing up projects large and small it is essential for all parties to understand the cash-flow and after-tax cost of withholding taxes.

ORIGINAL BROADCAST DATE

14 September 2021

LEARNING OUTCOMES

A broad overview of New Zealand tax issues applying to payments to contractors.

SUITED TO

The webinar is at an intermediate level and will provide practical guidance to accountants, HR, lawyers, labour hire companies, tax advisors, recruiters and anyone making payments to contractors.

PRESENTER

Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway Limited