Corporate taxation

New Zealand has a broad-based tax system that is designed to reflect economic objectives. This fact has a significant practical consequence for companies and business in general because tax risks and issues can arise at each stage of production and supply within an organisation. Those risks and issues can vary between industries and within identical industries. Tax risk must be managed internally between internal functions and lines of authority and externally with suppliers and customers.

Grant Thornton's tax specialists are sensitive to the need to manage these risks within commercially acceptable parameters and by cost-effective means and we understand the associated operational difficulties. Grant Thornton can assist you in identifying tax issues, risks and opportunities in your organisation and advise and implement procedures and strategies to manage your risk and improve your bottom line.

Irrespective of the potential impact of our recommendations on your organisation, we will be focused on the commercial practicality and cost-effectiveness of our proposals. Grant Thornton's New Zealand and international experience as an adviser to entrepreneur/proprietor businesses means that we have the practical business experience to deal with the complex demands of modern tax systems within a commercial framework.

We have a wide range of industry experience including:

  • Manufacturing
  • Retailing & distribution
  • Franchising
  • Finance, insurance & managed funds
  • Property development & investment
  • Building & construction
  • Service industries, including professional partnerships
  • Forestry & mining
  • Utilities
  • Information Technology

We can also assist in non-industry specific areas including:

  • Litigation support
  • Legislative reform

We are able to provide tax advice and assistance in connection with:

  • your internal tax function (including compliance obligations) that is tailored to suit your particular requirements, risks and resources
  • capital transactions, including funding, mergers, acquisitions and divestments, capital projects
  • commercial transactions, including supply and franchising arrangements, remuneration packages, property, vehicle and equipment leases, branding advertising and sponsorship

Post-Budget update: getting the most out of the rate change

Click here to read about how you can benefit from the change in the corporate tax rate that will be introduced in 2011.

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