Corporate tax

Helping businesses minimise tax compliance costs and reduce tax risks

New Zealand has a broad-based, relatively low rate tax system but our tax laws are still complex.

Our team of corporate tax specialists combines up to the minute technical knowledge with the common sense and practical focus to solve complex business problems.

We can assist you to minimise tax and tax compliance costs and to manage your strategic and operational tax risks.

We offer a range of services from tax planning and tax return completion to outsourcing of your tax function. If your company becomes involved in a tax dispute or audit we can help you manage the dispute and negotiate a settlement.

We provide advice on:
  • tax efficient funding and group structures
  • transactions including mergers and acquisitions
  • tax policy
  • tax disputes
We can also assist you with:
  • tax payment and filing obligations including imputation modelling
  • tax "Warrants of Fitness"
  • tax return preparation and review
  • tax accounting and inter-period allocation of tax charges

For further information on our Corporate Tax consulting services, or for professional advice, contact: tax.nz@pwc.com

 

Financial services

To be able to advise business in the financial services industry it is really important to understand the landscape, the transactions and the lingo! That’s why we have a specialist financial services tax team with experience in:

  • Banking
  • Insurance, and
  • Funds management

The team, led by Mark RussellDavid Lamb and Darryl Eady includes senior financial services specialists that have each spent time working in major financial centres such as London and Dublin. We have global industry experience, both as advisors and as industry participants.

The wider financial services industry has undergone significant tax and regulatory change in recent years, and this is unlikely to change any time soon. We take a real interest in how this impacts the industry and our clients. For example we were heavily involved in:

  • the introduction of the life tax rules
  • the formation of the rules for PIEs and FDR, and
  • the securitisation of mortgage backed securities by the major banks.

We understand the importance of working closely together, that’s why we consider ourselves part of one financial services team with our colleagues in assurance, actuarial, technical accounting, financial risk, and consulting. We work together daily, and this allows us to really understand your business.

For further information on our services please contact us.

Contacts

Darryl Eady

Partner, Auckland, PwC New Zealand

+64 21 820 390

Email

David Lamb

Partner, Auckland, PwC New Zealand

+64 21 941 466

Email

Mark Russell

Managing Partner | Transformation and Inclusion, Auckland, PwC New Zealand

+64 21 568 444

Email

International Tax

As your business competes in the global marketplace, your needs for internationally effective tax structures may have increased. From a tax perspective, you may need to know:

  • whether, and how, to streamline your operations?
  • whether your company has the right international corporate structure?
  • how best to invest in a new country of operation?
  • how an overseas parent should invest in your business?
  • how to repatriate monies offshore in the most effective way?

We will work with you to find the answers.

Not only are we recognised locally as leading tax advisers, we also have access to well respected advisers worldwide. Peter Boyce leads our international tax team.

 

We can assist you with:

  • your international tax strategies
  • reorganising your corporate structure, particularly on acquisition and disposal
  • debt and equity restructuring (cross-border)
  • commencing or expanding your business in New Zealand if you are a non-resident
  • interpreting applicable double tax treaties
  • repatriating funds off-shore
  • managing any cross-border tax risks.

Our team is constantly restructuring groups of companies and funding to maximise tax and commercial benefits and is committed to ensuring its advice is timely, practical and cost effective.

For further information on our services, or for professional advice, please contact us.

 

Contact

Peter Boyce

Partner, Auckland, PwC New Zealand

+64 21 823 342

Email

Mergers & Acquisitions

Our Mergers & Acquisitions team has successfully performed and implemented many tax due diligence and structuring assignments. We are successful because we accurately evaluate material tax risks and help our clients realise the benefits that follow on from deal completion.

Our team provides advice on all types of transaction, including:

  • Purchaser/Vendor Due Diligence
  • Mergers and Acquisitions
  • Listing and Initial Public Offers (IPO)
  • Demergers
  • Securitisation
  • Joint Ventures/Strategic Alliances
  • Private Equity
  • Model Reviews
  • Tax structuring – inbound/outbound investment.

Please contact us for more information or assistance.

Contacts

Peter Boyce

Partner, Auckland, PwC New Zealand

+64 21 823 342

Email

Mike Morgan

Partner, Auckland, PwC New Zealand

+64 21 946 719

Email

Adam Rae

Director, Auckland, PwC New Zealand

+64 21 241 5170

Email

Elly Ward

Partner, Wellington, PwC New Zealand

+64 21 566 507

Email

Jodee Webb

Director, Wellington, PwC New Zealand

+64 27 490 3364

Email

Patrick McElhinney

Partner, Auckland, PwC New Zealand

+64 21 316 115

Email

Transfer pricing 

Transfer pricing refers to the arm’s length pricing of transactions between members of a multinational business involving products, services, intellectual property and funding.

In recent years, globalisation and the continued growth of international trade have made transfer pricing a critical tax issue for any business operating across multiple jurisdictions.

Today, tax authorities around the globe are questioning whether multinational businesses are paying their ‘fair share’ of taxes, resulting in greater transfer pricing regulation and challenge. Inland Revenue has also increased its level of transfer pricing scrutiny, dedicating additional resource to transfer pricing risk reviews and audits.

Now, more than ever before, it is important to make sure your transfer pricing strategy and execution are fit for this evolving business operating environment.

How can PwC help you?

Whatever the nature of your business - high-growth entrepreneur, midsize company or market leader - and whatever your industry, we have the tools, the local presence, the sophisticated up-to-date regulatory knowledge and Inland Revenue relationships to help you stay ahead of the game.

Our team of transfer pricing specialists has expert knowledge and experience in dealing with all areas of transfer pricing, including:

  • Helping New Zealand businesses achieve their international growth strategy by developing efficient transfer pricing models and policies;
  • Working with you to develop effective risk review or audit defence strategies based on your desired outcome;
  •  The preparation of transfer pricing analyses for all cross border transactions, including; products, services, intellectual property, funding arrangements and guarantees;
  • Giving you certainty by negotiating advance pricing agreements with Inland Revenue; and
  • Compliance and documentation management in line with the latest New Zealand and offshore documentation and reporting requirements.

Contacts

Richard McGill

Partner, Canterbury, PwC New Zealand

+64 3 374 3093

Email

Erin Venter

Partner, Auckland, PwC New Zealand

+64 27 592 1392

Email

Contact us

David Lamb

Partner, PwC New Zealand

Tel: +64 21 941 466

Geof Nightingale

Partner, PwC New Zealand

Tel: +64 21 940 346

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