Tax News & Articles
Government Updates Tax Rules to Support Fairness in Charitable Sector by 2028
2 weeks ago | 205 viewsThe Government is updating tax rules for the charitable and not-for-profit sector to enhance fairness, clarity, and sustainability, including raising the tax-free income threshold and capping donation tax credits. These changes aim to support the sector’s integrity and resilience, recognizing its significant community contribution and economic value through volunteering. The reforms will be implemented between 2027 and 2028, with detailed guidance forthcoming from Inland Revenue.
Tags: Simon Watts Louise Upston Government Inland Revenue charitable sector tax rules donation tax credit volunteering New ZealandBudget 2026 Tax Changes Boost NZ Innovation, Investment, and Compliance
2 weeks ago | 187 viewsBudget 2026 introduces targeted tax changes to support economic growth, including improvements to the Research and Development Tax Incentive for quicker payments and tighter software expenditure caps, as well as adjustments to Foreign Investment Fund rules to simplify offshore investing. It also simplifies fringe benefit tax compliance, strengthens tax system integrity by taxing outstanding shareholder loans after company liquidation, and updates thin capitalisation rules for foreign-owned banks. Additionally, the Government is investing $15 million annually in Inland Revenue compliance efforts to enhance tax collection, contributing to funding public services.
Tags: Simon Watts Budget 2026 New Zealand Research and Development Foreign Investment Fund Fringe Benefit Tax Inland Revenue Tax Compliance Tax System Integrity Tax Policy ScorecardNew Zealand Boosts Support for Working Families Amid Rising Fuel Prices
2 months ago | 490 viewsA bill has passed in Parliament providing temporary financial support to about 157,000 low-to-middle income working families affected by rising fuel prices due to the Middle East conflict, including a $50 weekly boost in the in-work tax credit starting April 7. The legislation also revises tax rules, such as thin capitalisation, to attract more foreign investment, particularly for infrastructure projects, while introducing measures to support startups, employee share schemes, new migrants, and digital nomads. These changes aim to strengthen New Zealand’s economy by helping households, encouraging business growth, and making the country more attractive for work, investment, and family life.
Tags: Simon Watts New Zealand Taxation Bill Middle East conflict fuel prices working families thin capitalisation rules digital nomads startupsNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
7 months ago | 754 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureNew Tax Bill Boosts New Zealand Economy and Supports Skilled Migration
9 months ago | 1088 viewsRevenue Minister Simon Watts has introduced a new tax bill in New Zealand to boost the economy, attract skilled individuals, and encourage investment. The bill aims to make the tax system fairer for migrants, digital nomads, and businesses by addressing issues like overseas income taxation and employee share schemes. These changes are designed to simplify the tax system, reduce compliance costs, and create a more conducive environment for economic growth and job creation in New Zealand.
Tags: Simon Watts New Zealand tax bill economy skilled migrants digital nomads employee share schemes tax compliance costs GST practices solar powerSharpened focus on quality economic, population stats
12 months ago | 1784 viewsStatistics Minister Dr Shane Reti has today announced a major new direction for Stats NZ, replacing the traditional paper-based census and increasing the frequency and quality of economic data to underpin the Government’s growth agenda. From 2030, New Zealand will move away from a traditional nationwide census and adopt a new approach using administrative data, supported by a smaller annual survey and targeted data collection. “This approach will save time and money while delivering more timely insights into New Zealand’s population,” says Dr Reti.
Tags: Consumers Government New zealand Reserve bank Shane reti Stats nz Zealand