Embarking on a career as a superyacht crew member promises exhilarating experiences across the globe. However, it’s crucial not to overlook the importance of tax compliance. At ABA Chartered Accountants, we specialise in superyacht crew tax and offer tailored yacht crew tax advice for individuals working overseas or preparing to embark on this thrilling journey.

Every year, countless New Zealanders seize the opportunity to work aboard luxury yachts, from deckhands to licensed captains and hospitality professionals. With estimates indicating a global yacht crew population of 35,000 to 40,000, the demand for skilled crew members is undeniable.

New Zealanders are well known in the maritime world for their reliability, respectfulness, and strong work ethic. Yet, amidst the adventure and allure of yachting life, understanding and managing yacht crew tax responsibilities is essential.

Yachting jobs offer attractive benefits, from generous compensation to the opportunity to explore diverse destinations without the burden of rent. However, overlooking tax obligations can lead to unforeseen financial challenges down the line.

So, as a New Zealander working on a superyacht, do I have to pay tax?

If you are a tax resident of New Zealand, then yes – you need to pay tax. Whether you’re considered a tax resident of New Zealand depends on your specific circumstances.

Our team at ABA Chartered Accountants are experienced yacht crew tax specialists, providing clear explanations and strategies to ensure you stay compliant. We understand the unique tax situation faced by crew members and offer tailored solutions that allow you to focus on your career while we handle your tax concerns.

From helping you establish your residency status to long-term financial planning for yacht crew, we offer support at every stage of your journey. Don’t let tax worries spoil your voyage – contact ABA Chartered Accountants for expert yacht crew tax advice and trust us to steer you in the right direction before your departure.

By addressing tax matters proactively and seeking expert guidance, you can enjoy your yachting adventure to the fullest while safeguarding your financial well-being.

Tax Residency NZ

Whether you need to pay tax in New Zealand depends on your tax residency status. You may be classified as a non-resident for tax purposes if you spend over 325 days outside of NZ in any 12-month period and don’t maintain an enduring relationship with NZ.

What is an Enduring Relationship?

To determine if you have an enduring relationship with New Zealand (also known as a permanent place of abode), Inland Revenue considers several factors:

• How often you return to New Zealand
• Whether you own residential property in NZ
• Family and social connections
• Economic interests such as investments
• Local employment or business connections
• Your intention to return and live in NZ
• Settling Your Non-Residency Status

If you’re planning to leave New Zealand and want to settle your non-residency status for tax purposes, Inland Revenue allows for backdating this to the first of the 325 days spent outside of NZ. These days do not need to be consecutive.

Speak to a Yacht Crew Tax Specialist today

It’s essential to consider these factors and seek professional superyacht crew tax advice to ensure full compliance with New Zealand tax laws. Whether you need help determining your residency or require support with long-term financial planning for yacht crew, ABA Chartered Accountants are here to help.

Contact us today for expert yacht crew tax advice and peace of mind wherever your career takes you.