New Zealand: Tax Reform Bill Passed

New Zealand Inland Revenue has announced, on 31 March 2026,  that the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill received Royal assent on 30 March 2026, enacting it into law. The legislation

The New Zealand Inland Revenue released Tax Information Bulletin Volume 38 – 2026, which includes, among other items, Determination AE 26/01 on the participating jurisdictions for the Common Reporting Standard (CRS) on 1 April 2026. This

New Zealand Inland Revenue has released a draft Standard Practice Statement (SPS) on 27 March 2026, updating and replacing SPS 18/04. The draft sets out the Commissioner’s approach to relief from tax debt under the TAA 1994 for individuals,

New Zealand's Inland Revenue (IRD) has reduced interest rates on tax payments effective 16 January 2026. The underpayment rate dropped to 8.97% from the previous 9.89%, while the overpayment rate decreased to 2.25% from 3.27%. The earlier

New Zealand's Inland Revenue has released a draft Operational Statement for public consultation addressing the bright line tests used to classify off-market share cancellations as either taxable dividends or non-taxable capital returns. This

The New Zealand Government will present its 2026 Budget on 28 May 2026, outlining its financial intentions for the 2026–2027 fiscal year, Finance Minister Nicola Willis announced on 28 January 2026. “The focus of this year’s Budget will be