The customer base for Significant Enterprises includes:
- state-owned enterprises
- mining operators
- high-wealth individuals
- smaller subsidiary companies under the ownership of prominent multinational corporations
- non-resident entertainers non-resident contractors.
These customers fall into 1 of the following categories:
- companies or groups of companies with annual turnover in excess of $100 million
- companies whose industry is governed by specialised taxation legislation
- large companies who have non-resident ownership.
Industry types with specialised taxation needs
The Crown industry
This team deals with all aspects of taxation and services for the Crown industry which includes:
- government departments
- local authorities
- CCOs: Council Controlled Organisations
- state-owned enterprises and other Crown-owned entities
- power companies
- port companies
- airports
- public sector hospitals
- tertiary education institutions
- Crown research entities.
High-wealth individuals
High-wealth individuals either have, or are in control of, wealth in excess of $50 million and often have complex tax affairs.
Their sources of income include:
- property development
- investment
- retail business
- agriculture
- tourism
- manufacturing
- finance.
High-wealth individuals get expert advice and assistance from business advisors, including accountants and lawyers.
The Significant Enterprises team is actively working with high-wealth individuals and their associated entities such as companies, trusts and partnerships.
High-wealth individuals research project
The Manufacturing industry
This team deals with all aspects of taxation and service for the Manufacturing industry which includes:
- assembly industries
- chemicals
- construction
- electronics
- food and beverage products
- packaging
- personal care products
- textiles
- tobacco
- whiteware
- wood-based products.
The Services industry
This team deals with all aspects of taxation and service for the Services industry, which includes:
- land, sea and air transportation
- telecommunications
- motor vehicle assemblers and distributors
- advertising
- computer and software manufacturers and distributors
- tourism and hotels
- casinos
- retail and wholesale
- newspapers
- property holding
- television and radio
- pharmaceuticals.
The Financial industry
This team deals with all aspects of taxation and service for the Financial industry which includes:- New Zealand-registered banks
- large finance and investment companies
- large building societies
- credit unions
- unit trusts
- group investment funds
- superannuation schemes
- life insurance companies
- general insurers
- reinsurers.
Non-resident entertainers and sportspeople
Non-resident entertainers are people who perform in public or in front of a camera as:
- actors, entertainers, musicians, singers, dancers, comperes or other artists whether alone or in a group
- sportspeople and athletes in any sporting event or game
- lecturers and speakers, whether on a casual or regular basis.
A non-resident entertainer can be an individual, company, partnership, trust or any other entity.
Non-resident entertainers and sportspeopleNon-resident contractors team
The Non-resident Contractors Team is a specialised unit within Inland Revenue. They deal with all tax enquiries and issues for non-residents performing contract activity in New Zealand, including the provision of services and leasing of equipment.
The Non-resident Contractors
Non-resident contractors (both individuals and non-individuals) need to provide details of their activity in New Zealand to the Non-resident Contractors Team so they can work out what taxation liabilities if any may exist.
The Resources industry
This team deals with all aspects of taxation and service for the Resources industry which includes:
- agricultural services
- fishing
- primary produce processing and export
- mineral mining, processing and wholesale
- non-resident contractors operating in New Zealand.