Does your company have a New Zealand Director?

All companies incorporated in New Zealand on or after 1 May 2015, will be required to have at least one director that either lives in New Zealand; or lives in Australia and is a director of a company incorporated in Australia.

All New Zealand companies incorporated prior to 1 May 2015 have a grace period until 28 October 2015 to appoint at least one director that either lives in New Zealand; or lives in Australia and is a director of a company incorporated in Australia.

Additional information will now be required when filing annual returns also:

• The date and place of birth of all directors (this information will not be made public).
• Details of any ultimate holding companies if applicable

The changes were enacted last year in order to strengthen the company registration rules and to minimise the chance of offshore interests misusing the New Zealand company incorporation process to engage in criminal activties overseas. 

April 2015 Tax Alert contents

Tax Alert - April 2015

Tax System set for major overhaul in modernisation project 

Rethinking the Customs and Excise Act - A step in the right direction

New Australian simplified transfer pricing record-keeping options

Does your company have a New Zealand director?

Collection of tax on employee share schemes examined

Use of money interest rates to increase