In 1789 Benjamin Franklin wrote “….in this world, nothing is certain except death and taxes”. Since early 2020 the Covid 19 pandemic has turned our world upside down – creating uncertainty at a level most of us have never seen and providing a sobering reminder of just how accurate Franklin was all those years ago.
Since New Zealand’s first (and to date only) national lockdown was mandated in March 2020 we have had many enquiries from prospective clients wanting to return to or immigrate to New Zealand, physically in New Zealand and unable or unwilling to return to their home country, and on rare occasions wanting to leave New Zealand.
Such arrivals and departures often have implications for tax residence, and Covid 19 modifications to residence rules applying sometimes introduces additional complexities.
In the following article we discuss some of the interesting situations on which we have advised.