New Zealand issues draft guidance on forestry income tax
New Zealand’s Inland Revenue has released an exposure draft (Draft Interpretation Statement IS XX/XX), titled "Income Tax – Forestry", which provides comprehensive guidance on how the Income Tax Act 2007 applies to forestry activities and timber
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New Zealand: IR consults on loss carry-forward rules after ownership breach
New Zealand’s tax authority, Inland Revenue (IR), opened consultation on 16 October 2026 on an exposure draft, PUB00535 (Draft QWBA QB XX/XX), which clarifies how the loss carry-forward rules apply when ownership continuity is breached. Titled
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New Zealand publishes ratification order of tax treaty with Croatia
New Zealand has published the Double Tax Agreements (Republic of Croatia) Order 2026, providing for the ratification of its income tax treaty with Croatia on 24 August 2026. The agreement, signed on 20 November 2025, aims to eliminate double
See MoreNew Zealand publishes ratification order of tax treaty with Slovenia
New Zealand has published the Double Tax Agreements (Republic of Slovenia) Order 2026, providing for the ratification of its income tax treaty with Slovenia on 24 August 2026. Signed on 3 December 2024, the treaty aims to prevent double taxation,
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New Zealand rules property sale proceeds non-taxable
New Zealand’s Inland Revenue issued Technical Decision Summary (TDS) 26/18 on 1 October 2026, addressing whether proceeds from an insurance company’s proposed sale of investment properties would constitute taxable income. The Tax Counsel Office
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New Zealand: IRD seeks comment on draft guidance for low-value asset deductions
New Zealand’s Inland Revenue has published a draft interpretation statement, Income tax – Depreciation of low-value assets (PUB00533) for public consultation on 9 October 2026. The statement explains section EE 38 of the Income Tax Act 2007,
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New Zealand: IR consults income tax treatment of NFPs
New Zealand's Inland Revenue (IR) opened a public consultation on 18 September 2026 on Exposure Draft ED0265, which sets out the proposed income tax treatment of amounts received from members by societies, clubs and other not-for-profit associations
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India, New Zealand complete ratification of free trade agreement
India and New Zealand will bring their bilateral free trade agreement into force on 20 October, after both countries confirmed on Monday that they had completed the procedures required for ratification. Indian Trade Minister Piyush Goyal said the
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New Zealand: Inland Revenue updates Pillar Two GloBE registration, filing guidance
New Zealand Inland Revenue updated its guidance on 9 September 2026 on the application of the Pillar Two GloBE Rules to multinational enterprise (MNE) groups with a constituent entity in New Zealand. The GloBE rules apply to MNE groups with
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New Zealand: 2026/27 Budget implementation bill proposes R&D tax reforms
New Zealand’s Minister of Revenue has introduced the Taxation (Annual Rates for 2026–27, FBT Simplification, Foreign Investment Funds, and Remedial Measures) Bill into Parliament, proposing changes to tax legislation to implement measures
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New Zealand proposes updated tax rules for payments to nonresident software providers
New Zealand’s Inland Revenue has opened a consultation on 2 September 2026 on Exposure Draft No. PUB00266, which proposes replacing Interpretation Guideline No. IG0007 on the income taxation of payments to nonresident software suppliers. The
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New Zealand revises fuel tax increase schedule
New Zealand has cancelled a planned 12-cent-per-litre fuel excise increase scheduled for 1 January 2027, Finance Minister Nicola Willis and Transport Minister Chris Bishop announced on 31 August 2026. The next fuel excise increase will instead
See MoreFiji, New Zealand conclude income tax treaty negotiations
Fiji and New Zealand have completed the final round of negotiations on a new income tax treaty, with officials from both countries initialling the agreement on 13 August 2026, according to the Fiji Revenue and Customs Service (FRCS). The Fiji
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New Zealand clarifies corporate income tax treatment of amalgamations
New Zealand Inland Revenue issued Technical Decision Summary No. 26/11 on 14 August 2026, setting out the corporate income tax consequences of a proposed amalgamation involving several New Zealand resident companies under common ownership. The
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Hungary authorises signing of tax treaty with New Zealand
Hungary published Government Resolution 1254/2026. (VIII. 7.) in the Official Gazette on 29 June 2026, authorising the signing of an income tax treaty with New Zealand. The tax treaty aims to eliminate double taxation on income and strengthen
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New Zealand: Green Party’s election tax policy targets large corporations
The Green Party of New Zealand has released its 2026 tax policy, “A tax system for all of us,” proposing a broad restructuring of the country's tax framework aimed at reducing wealth inequality, increasing contributions from large corporations
See MoreFiji, New Zealand to conduct third round of income tax treaty negotiations
According to an update issued by New Zealand's Ministry of Foreign Affairs and Trade, representatives of Fiji and New Zealand are scheduled to conduct a third round of negotiations on a new income tax treaty in August 2026. If an agreement is
See MoreNew Zealand, UK sign new income and capital tax treaty
New Zealand Inland Revenue has announced that a new income and capital tax treaty with the UK was signed on 1 June 2026. The treaty applies to New Zealand income tax and to UK income tax, corporation tax and capital gains tax. According to
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