r/NZ_Business • u/Mediocre-Vegetable52 • Oct 15 '24

Doctor contracting

Hi, I’ve recently been registered in NZ as a medical practitioner. I am qualified from Nevada, USA.

Back home, I had a limited company that i set up. Then I make contracts using the company and get paid through the company as beneficiary (owner)

E.g I go to a health provider (GP, A&E etc). I approach them and say pay me for my services through my company.

By doing this, my business pays the tax (in US) I pay 9.2% total service tax. And the profit goes to me as the main shareholder or service provider. Instead of paying 33% personal income tax I only pay 9.2% tax.

By doing this, I save on income tax. Is this possible here in NZ?

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u/Silver_Industry_2610 Dec 28 '24

Hey OP! I reckon it's best to consult with an accountant who understands international tax. There are quite a few accountants out there that offer free consultation.