New taxation Bill introduced
The Minister of Revenue introduced the Taxation (Annual Rates for 2026–27, FBT Simplification, Foreign Investment Funds, and Remedial Measures) Bill into the House today.
Proposals in the Bill include:
- simplifying how FBT applies to motor vehicles
- improvements to the foreign investment fund rules
- improvements to the financial arrangements rules to attract highly skilled people to New Zealand
- changes to the tax settings for taxable not-for-profits
- amendments to the Research and Development Tax Incentive
- amendments to the withholding tax rules for payments to non-resident contractors
- updating the thin capitalisation threshold for foreign-owned banking groups.