New Zealand to replace petrol tax with distance-based road charges
New Zealand will shift from petrol taxes to electronic road user charges for all vehicles, starting a staged overhaul of its road funding system. New Zealand’s government announced plans, on 6 August 2025, to overhaul its road funding system,
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New Zealand: IR consults PPP loss carry-forward rules
The consultation is set to conclude on 19 September 2025. New Zealand’s Inland Revenue (IR) has initiated a public consultation on the draft Income tax – Public private partnership projects and business continuity test for losses PUB00521 on
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New Zealand proposes special economic zones to boost regional growth
The special economic zones (SEZs) are aimed at driving regional investment and growth through targeted tax and regulatory incentives. New Zealand’s Regional Development Minister Shane Jones has announced plans to submit a proposal to the
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Slovenia ratifies 2024 tax treaty with New Zealand
Slovenia finalises ratification of its 2024 income tax treaty with New Zealand. The President of Slovenia signed legislation ratifying the 2024 income tax treaty between Slovenia and New Zealand on 16 July 2025. The ratified law was published
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New Zealand consults on draft 2025 long-term insights briefing
New Zealand Inland Revenue is seeking public feedback on its draft 2025 Long-Term Insights Briefing, which explores the impact of fiscal pressures on the tax system and options to strengthen fiscal resilience. New Zealand Inland Revenue has
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New Zealand lowers interest rates on tax underpayments and overpayments
New Zealand Inland Revenue updated the UOMI Rates on 28 May 2025. Underpayment rates drop to 9.89% (from 10.88%), and overpayment rates decrease to 3.27% (from 4.30%). The New Zealand Inland Revenue has published the revised Taxation (Use of
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New Zealand enacts 2025 budget, includes investment boost and Kiwisaver reforms
Taxation (Budget Measures) Act 2025 was published in the Official Gazette on 29 May 2025. New Zealand published the Taxation (Budget Measures) Act 2025 in the Official Gazette, after it received royal assent on 29 May 2025. The Taxation
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New Zealand to enhance governance of emissions trading scheme
New rules will require detailed reporting from trading platforms and participants, enhancing oversight as part of broader climate reforms. The New Zealand government announced that it is taking steps to improve its Emissions Trading Scheme (ETS)
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New Zealand announces 2025 budget, introduces tax incentive to boost investment
The budget, announced on 22 May 2025, includes a 20% “investment boost” tax deduction for business assets and changes to KiwiSaver. New Zealand’s Minister of Finance, Nicola Willis, announced the 2025 budget on 22 May 2025, introducing
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New Zealand consults thin capitalisation reforms to attract infrastructure investment
New Zealand’s Inland Revenue invites feedback on proposed changes to thin capitalisation rules to encourage foreign investment in private infrastructure projects. Submissions are open until 19 June 2025. New Zealand’s Inland Revenue has
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New Zealand drops digital services tax bill
New Zealand's Revenue Minister, Simon Watts, announced on 20 May 2025 that the government has decided to scrap the Digital Services Tax Bill from the legislative programme. The Digital Services Tax Bill was introduced in 2023 by the previous
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ASEAN, Australia, and New Zealand’s revised free trade agreement goes into effect
An upgraded ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) agreement came into effect on 21 April 2024. It covers a market of over 703 million people with a combined GDP of more than USD 5.6 trillion. The agreement is expected to enhance
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New Zealand releases draft on taxing overseas transfers for residents
New Zealand's Inland Revenue has released a draft Interpretation Statement (PUB00494) to clarify the tax treatment of money or property received by New Zealand tax residents from overseas, including inheritance. The document, issued on 5 May 2025,
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New Zealand holds tax treaty talks with Croatia and Germany
New Zealand held talks with Croatia in March 2025 to begin negotiations for a new income tax treaty. In January 2025, it also held a third round of talks with Germany to update their 1978 tax treaty, aiming to align it with OECD/G20 BEPS
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New Zealand and the UK resume tax agreement negotiations
New Zealand and the UK resumed negotiations in March 2025 to finalise a new Double Tax Agreement (DTA) aimed at addressing income and capital gains tax matters. The objective is to replace the existing DTA, which was signed in 1983, with an
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New Zealand, Australia continue tax treaty negotiations
New Zealand's Ministry of Foreign Affairs and Trade has announced that Australia and New Zealand will begin a second round of talks in May 2025 to negotiate a new income tax agreement. The first round of discussions took place in May 2024. This
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New Zealand, Iceland continue tax treaty talks
New Zealand's Ministry of Foreign Affairs and Trade announced that Iceland and New Zealand have concluded a second round of negotiations for an income tax treaty in February 2025. This agreement seeks to eliminate double taxation, combat tax
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New Zealand: Inland Revenue updates guidance on tax control frameworks
New Zealand’s Inland Revenue released updated guidance outlining its expectations for tax control frameworks (TCFs) as part of increased reviews of tax governance, systems, and processes on 7 April 2025. The guidance identifies six key
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