Monday -Friday - 9:00 - 18:00 New Zealand Time

TAX ACCOUNTANT PROVIDES TAX ADVISORY SERVICES ON NEW ZEALAND TAX

TAX ACCOUNTANT PROVIDES TAX ADVISORY SERVICES ON NEW ZEALAND TAX

We are tax advisory division of a CPA firm located in Auckland, New Zealand. We are registered with New Zealand and Australian accounting bodies. We specialise and understand New Zealand Tax and associated tax and accounting issues. Tax Accountant is highly specialised in New Zealand taxation.

Contact Tax Accountant

NEW ZEALAND TAX ACCOUNTANT

We provide taxation service and rely on our expertise and experiences. We offer our services to all business owners or individuals whether based in New Zealand or overseas. Our aim is to help you understand the New Zealand tax system and your tax obligations.

Quick Faq

We are tax advisory division of a CPA firm located in Auckland, New Zealand. We are registered with New Zealand and Australian accounting bodies.

GST on Insurance

For the Insurer

Some types of insurance premiums are liable for GST (such as fire and general insurance). A registered insurer may claim deductions for payments to policy holders when they are made. A tax invoice is not needed. The insurer needs a tax invoice to deduct any other payments for claims on policies, such as a payment to a panel beater for repairs to an insured vehicle.

An insurer cannot claim for payments made under life insurance policies.

For the Insured

GST received on insurance payout is lieu of compensation/loss/expenditure is actually your income. If you receive an insurance payment relating to your taxable activity, you must include the GST content as an adjustment in Box 9 of the return covering the time you received the payment. (It is part of collected GST)