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本帖最后由 晃过来晃过去 于 2014-8-12 11:18 编辑
Family trust needs separate IRD number registration, it would be registered under trustee of XXX trust. Even though that looks like a person has different IRD numbers, but the second one only represents as trustee of xxx trust. Tax obligation falls upon trustee, which mean if any tax arrears, IRD will go after trustee. Apart from that, the operation of family/trading/foreign trust is not different to normal company. Annual tax return is separate. Profit will be liable for tax under trust as separate legal entity. Tax rate is 33%. Any loss will stay in trust to carry forward. Distribution to beneficiaries is tax free. |
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