New Zealand Inland Revenue (IR) has released an Interpretation Statement for public consultation on the tax treatment of non-forestry activities under the Emissions Trading Scheme (ETS) on 16 January 2025. This interpretation statement applies to

The New Zealand Inland Revenue has announced updates to the Use of Money Interest (UOMI) rates for underpayments and overpayments on 18 December 2024. The revised rates are set at  10.88% (down from 10.91%) for underpayments and 4.30% (down from

The New Zealand Treasury has reaffirmed its support for introducing a capital gains tax as part of efforts to improve the country’s tax system. This advice, made public on 5 December 2024, follows an Official Information Act request by Radio New

The New Zealand Ministry of Business, Innovation & Employment (MBIE) introduced new rules to improve payment times for domestic trade invoices and promote e-invoicing on 18 November 2024. Under these Government Procurement Rules, e-invoices

New Zealand’s Inland Revenue issued a ruling TDS 24/22 addressing the transitional residency status of a taxpayer and the tax treatment of their crypto asset sales on 3 December 2024. The Taxpayer was a natural person who had previously been a

New Zealand and Slovenia have signed an income tax treaty on 3 December 2024. A tax treaty is a bilateral agreement between two countries designed to address issues related to the double taxation of both passive and active income of their