Chile: SII publishes circular on MFN clause activation in tax treaties with five countries
Chile’s tax authority (SII) issued Circular No. 65 on 3 December 2025, addressing the activation of Most-Favoured-Nation (MFN) clauses in Chile’s tax treaties with Belgium, New Zealand, Norway, Switzerland, and Uruguay. These clauses are
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New Zealand: Inland Revenue consults shareholder loans
New Zealand Inland Revenue launched a public consultation on 4 December 2025 on the taxation of company loans to shareholders. The consultation proposes a new 12-month time limit, under which certain shareholder loans would be treated as
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Croatia, New Zealand sign income tax treaty
Croatia’s Ministry of Finance announced that Croatia and New Zealand have signed a new income tax treaty on 20 November 2025. The agreement aims to eliminate double taxation and prevent tax evasion between the two countries. The treaty is
See MoreNew Zealand: Inland Revenue consults income tax treatment of software development
New Zealand’s Inland Revenue has launched a public consultation on the income tax treatment of software development expenditure, as well as the customisation and configuration costs associated with software-as-a-service (SaaS) products 17 November
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US removes tariffs on New Zealand agricultural products
The US has removed tariffs on more than USD 2 billion of New Zealand exports, including beef and kiwifruit, Trade Minister Todd McClay said. The move follows an executive order by President Donald Trump reversing previous import duties. Rising US
See MoreNew Zealand: Government updates film rebate to attract global productions
The New Zealand Government has announced on 7 November 2025 targeted updates to the International Screen Production Rebate to strengthen the country’s appeal for international film, television, and streaming productions, Economic Growth Minister
See MoreNew Zealand: Revenue Minister unveils updated tax and social policy plan
New Zealand’s Revenue Minister Simon Watts unveiled an updated Tax and Social Policy Work Programme aimed at boosting economic growth by enhancing the country’s appeal to investors, skilled professionals, and small businesses on 29 October
See MoreNew Zealand: Opposition party proposes targeted capital gains tax to fund free doctor visits
RF Report The Labour Party of New Zealand, the leading opposition party in parliament, has announced a proposal which targets capital gains tax on profits from the sale of commercial or residential properties, excluding the family home,
See MoreNew Zealand: Inland Revenue consults working for families tax credit eligibility rules
Public feedback on the Exposure Draft is open until 9 December 2025. Regfollower Desk New Zealand Inland Revenue on 24 October 2025 released an Exposure Draft (PUB00513) for consultation on eligibility rules for Working for Families tax
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Iceland, New Zealand sign income tax treaty
This is the first income tax treaty between Iceland and New Zealand. Iceland and New Zealand signed an income tax treaty on 22 October 2025. This development follows after New Zealand’s Ministry of Foreign Affairs and Trade announced that
See MoreNew Zealand: Central Bank lowers benchmark interest rate to 2.5%
The central bank lowered its benchmark interest rate by 50 basis points to 2.5%. New Zealand's central bank, the Reserve Bank of New Zealand (RBNZ), announced on 8 October 2025 that it has lowered its benchmark interest rate by 50 basis points
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OECD: Australia, Belgium, Netherlands, New Zealand revise arbitration rules under BEPS MLI
Part VI of the MLI enables jurisdictions that opt in to implement mandatory binding arbitration to resolve disputes arising under tax treaties. The OECD has released updated arbitration profiles for Australia, Belgium, Netherlands, and New
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Australia, New Zealand agree on arbitration framework under BEPS MLI
The Memorandum of Arrangement sets out rules for arbitration requests, required information, arbitrator appointments, and the overall arbitration process. The Australian Taxation Office (ATO) and New Zealand signed a Memorandum of Arrangement
See MoreNew Zealand: IR initiates consultation on shortfall penalty guidance updates
The deadline for sending comments in 31 October 2025. New Zealand’s Inland Revenue (IR) has launched a consultation on 29 August 2025 regarding the update and replacement of the existing interpretation statements on the shortfall penalties for
See MoreNew Zealand introduces 2025–26 tax changes on foreign income, GST, electricity sales
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
See MoreNew Zealand: RBNZ cuts official cash rate to lowest level in three years
The Reserve Bank of New Zealand trimmed its official cash rate by 25 bps on 20 August 2025, signalling possible further cuts as economic growth stalls. The Reserve Bank of New Zealand (RBNZ) cut its official cash rate (OCR) by 25 basis points to
See MoreNew 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,
See MoreNew 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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