Tax Services

Financial statement compilation

Financial statements are vital documents for a business's stakeholders and to meet regulatory requirements. Understanding and complying with the relevant reporting standards can be complex, and many businesses rely on a combination of word and excel, which can lead to inefficiency, errors, and compromised data integrity.

We can compile your financial statements, ensuring compliance with the latest reporting standards and utilising best practice software. We efficiently produce financial statements from your source data through software automation, reducing the risk of errors and maintaining data integrity.

Vicki Lawson

Income Tax Compliance

Regulatory developments are driving change in terms of disclosures and control effectiveness, which in turn impacts corporate tax compliance processes. Businesses are now required to:

• Proactively manage compliance rather than treating it as a retrospective activity.

• Implement a comprehensive control framework that provides assurance over data and systems.

• Maintain clear audit trails and documentation.

• Utilise technology to enable real-time monitoring, moving away from tax as a 'period end' compliance activity.

From data collection to reviewing/preparing returns, filing, payment advice, reporting, and sharing insights, we can assist you every step of the way. When it comes to Income Tax Compliance, our Connected Tax Compliance approach offers a range of benefits, including resource optimisation, improved quality, reduced delivery costs, and the provision of digital datasets and insights to facilitate better business decisions.

Leigh Tomei

Tax governance and reporting

The tax landscape is constantly changing. Regulatory requirements are increasing, business and finance transformation is becoming commonplace, and tax authorities and boards are demanding effective tax risk management. In this rapidly evolving world, we can help you build a sustainable tax strategy for the future. 

Our comprehensive approach to tax management brings together tax function design, technology, and compliance delivery to help you understand and tackle these challenges head-on. 

Briar Paterson Henry Risk

Tax accounting
 

Accurate and timely tax information reporting is crucial for your stakeholders as part of your financial reporting. However, complexity arises from the intersection of financial reporting standards and tax legislation. The limited time available before reporting deadlines often puts pressure on tax balances timeframes, which are the final piece in preparing financial statements.

We can help you navigate this complexity by offering options such as outsourcing the preparation of your tax balances and disclosures using the latest software automation tools. Additionally, we can assist your team in implementing best practice processes and tools or provide consultation on complex issues.

As the demands on your business increase and it remains under the spotlight, tax systems and processes that are currently strained are likely to crumble. Starting with getting compliance right, it becomes the foundation for an effective operating model. 

The priorities of Connected Tax Compliance can enhance resilience in the face of change, manage emerging risks, and address strategic considerations. If you're interested in learning more about Connected Tax Compliance and how it can assist you in designing and delivering your target operating model, please reach out to us.

Tony Lyle

Tax pooling and financing
 

Cashflow and competitive funding options are crucial for businesses of all sizes. We can assist you in managing your cashflow by offering financing for your provisional tax at interest rates comparable to residential mortgage rates, without requiring any security. You have the flexibility to schedule the settlement of the financed tax to a date that aligns better with your cashflow needs. This is particularly beneficial if your business experiences seasonal earnings or cashflow fluctuations.

If you missed a payment, you have the option to purchase backdated provisional tax, as long as you haven't exceeded the 75-day mark after your terminal tax date. This option is available at a price that is approximately 30% cheaper than the interest cost imposed by the IRD. Once purchased and transferred to your tax account, all late payment penalties and interest from the IRD should bereversed.

Find out more

Jonathan Gray

Disputes and rulings 

Dealing with Inland Revenue risk reviews, investigations, information requests, and audits can quickly become time-consuming and costly, diverting your business from its core focus.

We collaborate with our tax lawyers throughout all stages of Inland Revenue activity to understand their questions and concerns, and to efficiently resolve issues in a commercially viable manner.

Furthermore, we assist our clients in obtaining advance certainty on tax matters through binding rulings.

Find out more

Helen Johnson

Tax advice

Tax rules are constantly evolving and becoming increasingly complex as governments adapt tax systems to address local and global challenges. New Zealand is no exception.

We are here to assist you in navigating this complexity and provide your business with customised commercial tax advice to meet your compliance requirements and effectively manage tax risks in this ever-changing tax landscape.

Our team of agile corporate tax specialists combines extensive technical knowledge with a practical and business-oriented approach to solve intricate business problems. This enables your business to proactively and confidently fulfil its tax obligations.

David Lamb

Tax policy

The tax landscape in New Zealand is constantly evolving, but businesses have the opportunity to do more than just observe. Through the tax policy development process, businesses can actively influence the design of tax rules to ensure the New Zealand tax system is well-suited to their needs.

We have established strong, collaborative, and respectful relationships with tax policy makers, including our representation in the previous two Government Tax Working Group reviews of the New Zealand tax system. Leveraging our relationships, technical expertise, and understanding of your business, we can help shape the future direction of New Zealand's tax system.

Sandy Lau

Customs and excise

Keeping pace with the vast volume of changes to indirect tax rules globally poses a significant challenge for international businesses. Cross-border trade and e-commerce continue to grow, making it essential to stay compliant with obligations in the markets you sell into. 

New Zealand has recently revised its Customs legislation and imposes GST on non-resident sellers of low-value goods and remote services to New Zealand consumers. Similar changes are being implemented or proposed by countries worldwide. As a global firm, we can leverage our extensive technical knowledge in GST/VAT and Customs across our network to assist you in managing your international obligations.

Catherine Francis  Matt Minnema

Employment taxes

An organisation's greatest asset is its people, whether they are employees, contractors, board members, or volunteers.

PwC's Employment Tax team supports employers in identifying, mitigating, and managing their workforce tax risk. We ensure accurate employment tax compliance reporting, covering areas such as PAYE, FBT, KiwiSaver, ESCT, and withholding taxes.

We help our clients get their employer reporting right so that they can do right by their people. We can assist with new remuneration/benefit offerings, tax health checks, data analytics to identify known risk triggers, policy/process/system reviews, managing Inland Revenue interactions, and return preparation or review.

Phil Fisher  

GST
 

New Zealand operates a comprehensive GST system that impacts every aspect of your business. Our team possesses extensive technical experience and in-depth knowledge across various sectors and industries, including property, financial services, retail, retirement and health, telecommunications, energy, government, and tertiary education. 
 

This specialised knowledge enables us to provide practical advice to effectively manage any GST issues your business may encounter. As we advise on both GST and Customs matters, we possess unique insights into cross-border indirect tax risks and opportunities. 
 

We regularly publish reports on indirect tax rules across the AsiaPac region. Additionally, our team can assist in managing disputes related to indirect taxes and implementing technology solutions to enhance indirect tax processes.

Catherine Francis Matt Minnema 

Finance function transformation

Finance functions are evolving to become more efficient and connected business partners. Often, organisations want to make a change but are unsure where to start or how to get the most value for their investment. Leveraging our market experience and benchmarking tools, we can assess your current finance/tax function to ensure it meets your present and future needs. 

We can help you identify ways to reduce manual effort, manage risk more effectively, and unlock insights for your business. We also assist in prioritising initiatives and identifying "quick wins" for your organisation.

Get in touch to discuss how we can help you work smarter, faster, and make data-driven insights the foundation of your business decisions.

Josh McLaughlan  Megan Nisbet

Research and development tax incentives

Research and development (R&D) plays a crucial role in keeping your business at the forefront of innovation. Our team of R&D specialists is dedicated to helping you identify opportunities through the R&D tax credit, R&D tax loss cash out, and other government support programs. 

We connect you with technical expertise and bring unique insights into government R&D policy, funding mechanisms, and eligibility. Our national group of specialists focuses solely on supporting R&D clients, offering a pragmatic and commercially driven approach to finding solutions for your business, both in New Zealand and internationally.

Find out more
 

Nadine Williams

Deals

We will support you in effectively managing tax risks related to acquisitions and mergers, allowing you to focus on maximising deal value. To achieve this, we offer pre-acquisition due diligence, collaboration with Warranty & Indemnity (W&I) insurers and other advisors, input into funds flows/financial models, and review of tax clauses in sale and purchase agreements. Additionally, we provide guidance on tax structuring alternatives to help you realise long-term sustainable tax rates, optimise net cash flows, and facilitate cash repatriation.

PwC offers a comprehensive range of advisory and due diligence services and has consistently been ranked as the #1 M&A advisory firm by number of deals for the past 18 years by Refinitiv (formerly Thompson Reuters).

Mike Morgan  Patrick McElhinney

BEPS

Managing tax risk across international borders remains critical in today's targeted, regulated, and transparent business environment. The international tax landscape continues to be a focal point as Base Erosion and Profit Shifting (BEPS) measures evolve. Businesses must stay up to date with international developments and domestic tax rules in the countries where they operate.

With this backdrop, we'll work closely with you to help you efficiently manage your organisation's international tax framework and ensure your risks are carefully considered and compliance obligations met. Our strong global network of international tax specialists has expert knowledge and experience.

Helen Johnson  Allison Curle  Peter Boyce

Briar Williams

Customs and excise

Keeping pace with the vast volume of changes to indirect tax rules globally poses a significant challenge for international businesses. Cross-border trade and e-commerce continue to grow, making it essential to stay compliant with obligations in the markets you sell into. 

New Zealand has recently revised its Customs legislation and imposes GST on non-resident sellers of low-value goods and remote services to New Zealand consumers. Similar changes are being implemented or proposed by countries worldwide. As a global firm, we can leverage our extensive technical knowledge in GST/VAT and Customs across our network to assist you in managing your international obligations.

Catherine Francis  Matt Minnema

Deals

We will support you in effectively managing tax risks related to acquisitions and mergers, allowing you to focus on maximising deal value. To achieve this, we offer pre-acquisition due diligence, collaboration with Warranty & Indemnity (W&I) insurers and other advisors, input into funds flows/financial models, and review of tax clauses in sale and purchase agreements. Additionally, we provide guidance on tax structuring alternatives to help you realise long-term sustainable tax rates, optimise net cash flows, and facilitate cash repatriation.

PwC offers a comprehensive range of advisory and due diligence services and has consistently been ranked as the #1 M&A advisory firm by number of deals for the past 18 years by Refinitiv (formerly Thompson Reuters).

Mike Morgan  Patrick McElhinney

Disputes and rulings
 

Dealing with Inland Revenue risk reviews, investigations, information requests, and audits can quickly become time-consuming and costly, diverting your business from its core focus.

We collaborate with our tax lawyers throughout all stages of Inland Revenue activity to understand their questions and concerns, and to efficiently resolve issues in a commercially viable manner.

Furthermore, we assist our clients in obtaining advance certainty on tax matters through binding rulings.

Find out more

Helen Johnson 

Employment taxes

An organisation's greatest asset is its people, whether they are employees, contractors, board members, or volunteers.

PwC's Employment Tax team supports employers in identifying, mitigating, and managing their workforce tax risk. We ensure accurate employment tax compliance reporting, covering areas such as PAYE, FBT, KiwiSaver, ESCT, and withholding taxes.

We help our clients get their employer reporting right so that they can do right by their people. We can assist with new remuneration/benefit offerings, tax health checks, data analytics to identify known risk triggers, policy/process/system reviews, managing Inland Revenue interactions, and return preparation or review.

Phil Fisher 

Finance functions are evolving to become more efficient and connected business partners. Often, organisations want to make a change but are unsure where to start or how to get the most value for their investment. Leveraging our market experience and benchmarking tools, we can assess your current finance/tax function to ensure it meets your present and future needs. 

We can help you identify ways to reduce manual effort, manage risk more effectively, and unlock insights for your business. We also assist in prioritising initiatives and identifying "quick wins" for your organisation.

Get in touch to discuss how we can help you work smarter, faster, and make data-driven insights the foundation of your business decisions.

Josh McLaughlan  Megan Nisbitt

Financial statement compilation

Financial statements are vital documents for a business's stakeholders and to meet regulatory requirements. Understanding and complying with the relevant reporting standards can be complex, and many businesses rely on a combination of word and excel, which can lead to inefficiency, errors, and compromised data integrity.

We can compile your financial statements, ensuring compliance with the latest reporting standards and utilising best practice software. We efficiently produce financial statements from your source data through software automation, reducing the risk of errors and maintaining data integrity.

Vicki Lawson

GST
 

New Zealand operates a comprehensive GST system that impacts every aspect of your business. Our team possesses extensive technical experience and in-depth knowledge across various sectors and industries, including property, financial services, retail, retirement and health, telecommunications, energy, government, and tertiary education. 

This specialised knowledge enables us to provide practical advice to effectively manage any GST issues your business may encounter. As we advise on both GST and Customs matters, we possess unique insights into cross-border indirect tax risks and opportunities. 

We regularly publish reports on indirect tax rules across the AsiaPac region. Additionally, our team can assist in managing disputes related to indirect taxes and implementing technology solutions to enhance indirect tax processes.

Catherine Francis Matt Minnema

Income tax compliance

Regulatory developments are driving change in terms of disclosures and control effectiveness, which in turn impacts corporate tax compliance processes. Businesses are now required to:

• Proactively manage compliance rather than treating it as a retrospective activity.

• Implement a comprehensive control framework that provides assurance over data and systems.

• Maintain clear audit trails and documentation.

• Utilise technology to enable real-time monitoring, moving away from tax as a 'period end' compliance activity.

From data collection to reviewing/preparing returns, filing, payment advice, reporting, and sharing insights, we can assist you every step of the way. When it comes to Income Tax Compliance, our Connected Tax Compliance approach offers a range of benefits, including resource optimisation, improved quality, reduced delivery costs, and the provision of digital datasets and insights to facilitate better business decisions.

Leigh Tomei

Outbound and inbound investment

Expanding your New Zealand business into foreign markets or looking to expand into the New Zealand market? We can support your growth aspirations by helping you navigate the relevant local tax, legal and regulatory environments, enabling you to focus on the business' commercial objectives.

Peter Boyce  Briar Williams  Helen Johnson

Pillar Two

Under an OECD Inclusive Framework, more than 140 countries, including New Zealand, have agreed to implement a two-pillar solution to address challenges arising from the digitalisation of the economy. Pillar Two introduces a global minimum effective tax rate, requiring multinational groups with consolidated annual revenue over €750m to adhere to a minimum Effective Tax Rate of 15% in each jurisdiction they operate in.

We, alongside our strong global network of international tax specialists, can assist you in understanding how these rules will impact your organisation and provide the necessary tools and solutions to ensure compliance.

It is crucial for your organisation to proactively address the resulting financial and tax reporting compliance obligations.

PwC Pillar Two Readiness:
https://www.pwc.com/gx/en/services/tax/pillar-two-readiness.html


Helen Johnson  Peter Boyce  Allison Curle

Research and development tax incentives

Research and development (R&D) plays a crucial role in keeping your business at the forefront of innovation. Our team of R&D specialists is dedicated to helping you identify opportunities through the R&D tax credit, R&D tax loss cash out, and other government support programs. 

We connect you with technical expertise and bring unique insights into government R&D policy, funding mechanisms, and eligibility. Our national group of specialists focuses solely on supporting R&D clients, offering a pragmatic and commercially driven approach to finding solutions for your business, both in New Zealand and internationally.

Find out more

Nadine Williams 

Transfer Pricing

In an ever-changing global economy, transfer pricing holds significant importance for multinational companies. PwC's extensive network of transfer pricing advisors is well-positioned to provide guidance on strategies that can advance your goals within the evolving compliance landscape.

Regardless of the nature or size of your business, our team is equipped with the necessary tools, global network, and unparalleled regulatory knowledge and relationships to ensure your cross-border transactions not only comply but also drive value. Demonstrating our commitment to localised service, our experts are strategically located in major cities across New Zealand. This allows us to offer our clients the advantage of ground-level insights combined with global perspectives, ensuring efficient and seamless transfer pricing operations, regardless of your location in the country.

Briar Paterson  

Tax governance and reporting

The tax landscape is constantly changing. Regulatory requirements are increasing, business and finance transformation is becoming commonplace, and tax authorities and boards are demanding effective tax risk management. In this rapidly evolving world, we can help you build a sustainable tax strategy for the future. 

Our comprehensive approach to tax management brings together tax function design, technology, and compliance delivery to help you understand and tackle these challenges head-on. 

Briar Paterson Henry Risk

Tax accounting
 

Accurate and timely tax information reporting is crucial for your stakeholders as part of your financial reporting. However, complexity arises from the intersection of financial reporting standards and tax legislation. The limited time available before reporting deadlines often puts pressure on tax balances timeframes, which are the final piece in preparing financial statements.

We can help you navigate this complexity by offering options such as outsourcing the preparation of your tax balances and disclosures using the latest software automation tools. Additionally, we can assist your team in implementing best practice processes and tools or provide consultation on complex issues.

As the demands on your business increase and it remains under the spotlight, tax systems and processes that are currently strained are likely to crumble. Starting with getting compliance right, it becomes the foundation for an effective operating model. 

The priorities of Connected Tax Compliance can enhance resilience in the face of change, manage emerging risks, and address strategic considerations. If you're interested in learning more about Connected Tax Compliance and how it can assist you in designing and delivering your target operating model, please reach out to us.

Tony Lyle

Tax pooling and financing
 

Cashflow and competitive funding options are crucial for businesses of all sizes. We can assist you in managing your cashflow by offering financing for your provisional tax at interest rates comparable to residential mortgage rates, without requiring any security. You have the flexibility to schedule the settlement of the financed tax to a date that aligns better with your cashflow needs. This is particularly beneficial if your business experiences seasonal earnings or cashflow fluctuations.

If you missed a payment, you have the option to purchase backdated provisional tax, as long as you haven't exceeded the 75-day mark after your terminal tax date. This option is available at a price that is approximately 30% cheaper than the interest cost imposed by the IRD. Once purchased and transferred to your tax account, all late payment penalties and interest from the IRD should bereversed.

Find out more

Jonathan Gray

Tax advice

Tax rules are constantly evolving and becoming increasingly complex as governments adapt tax systems to address local and global challenges. New Zealand is no exception.

We are here to assist you in navigating this complexity and provide your business with customised commercial tax advice to meet your compliance requirements and effectively manage tax risks in this ever-changing tax landscape.

Our team of agile corporate tax specialists combines extensive technical knowledge with a practical and business-oriented approach to solve intricate business problems. This enables your business to proactively and confidently fulfil its tax obligations.

David Lamb

Tax policy

The tax landscape in New Zealand is constantly evolving, but businesses have the opportunity to do more than just observe. Through the tax policy development process, businesses can actively influence the design of tax rules to ensure the New Zealand tax system is well-suited to their needs.

We have established strong, collaborative, and respectful relationships with tax policy makers, including our representation in the previous two Government Tax Working Group reviews of the New Zealand tax system. Leveraging our relationships, technical expertise, and understanding of your business, we can help shape the future direction of New Zealand's tax system.

Sandy Lau