New Zealand introduces 2025–26 tax updates, including foreign investment income, GST, employee share schemes, and new exemptions.
New Zealand Inland Revenue announced the introduction of the bill Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) on 26 August 2025.
The Bill proposes:
- a new calculation method to determine a person’s foreign investment fund income
- changes to the GST rules applying to joint ventures
- a deferral regime for the employee share scheme tax rules for employees of unlisted companies
- a tax exemption for income from the sale of excess electricity generated at a residential property
- allowing non-resident visitors to undertake remote work without triggering New Zealand tax consequences
- enabling Inland Revenue to disclose information to another government agency under a Ministerial agreement
- allowing Inland Revenue to disclose updated information to the New Zealand Police, to support the proceeds of crime regime.
