work from home for a foreign company from NZ :: Is there a tax ?

[jawnbc]

For the first couple of years in NZ I continued to work for my Canadian employer (I'm a lecturer and was teaching online). Once NZ became my tax residence, my Canadian employer dropped their witholding rate to 25%. As a result I owed the IRD the difference between the 25% and my NZ taxation band. Ouch!

I might have been able to get away with it...but I am honest And a believe in karma!

[farfaraway]

FYI, "You have an opportunity to make sure your tax affairs are in order before Inland Revenue receives the first automatic exchange from August 2018 onwards.
If you think or know there is an error in your tax affairs, Inland Revenue encourages you to voluntarily disclose it before they identify the error."

FROM HERE: https://www.business.govt.nz/news/cl...erseas-income/

For the first couple of years in NZ I continued to work for my Canadian employer (I'm a lecturer and was teaching online). Once NZ became my tax residence, my Canadian employer dropped their witholding rate to 25%. As a result I owed the IRD the difference between the 25% and my NZ taxation band. Ouch!

I might have been able to get away with it...but I am honest And a believe in karma!

[farfaraway]

"automatic exchange of income info from August 2018" between NZ and other countries with DTA