New 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,
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New 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
See MoreNew 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
See MoreNew 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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