After a major sell-off that wiped out more than NZ$800 billion, US markets rebounded overnight. However, financial experts warn that the turbulence may not be over. For Kiwi investors, the volatility highlights how closely New Zealand’s economy is tied to…
After years of flexibility during the pandemic, the department is stepping up efforts to collect overdue payments and close a growing tax debt gap. IR has sent out tens of thousands of notices warning that deductions could be made from…
While the move aims to stimulate growth and control inflation, its most immediate impact will be felt in the wallets of everyday New Zealanders. By cutting interest rates more than expected, the Reserve Bank is helping to reduce borrowing costs…
These amendments have now become law following Royal Assent, which means the new rules are effective from 1 October 2025. There are three primary adjustments that individuals and families should understand: Eligible families can now claim up to 40 percent…
The changes are also expected to simplify compliance, and make the country a more attractive place for talent and investment. For taxpayers, these changes highlight a shift toward fairness and efficiency in the way Inland Revenue manages obligations. One of…
From October 1, the cost of visiting Aotearoa will rise with the International Visitor Conservation and Tourism Levy (IVL) increasing to NZ$100. For New Zealanders, this development is more than just a headline about tourists paying more – it has…
Despite its title, the bill does not deliver the anticipated simplification of fringe benefit tax (FBT) rules that many employers were hoping for. Instead, it focuses on a mix of measures designed to ease compliance, and clarify rules for modern…
The government has confirmed a series of legislative reforms that will pave the way for all light vehicles to pay for road use based on distance and weight, rather than fuel type. At present, motorists driving petrol-powered vehicles contribute to…
The Taxation (Annual Rates for 2025–, Compliance Simplification, and Remedial Measures) Bill, tackles everything from overseas investments to selling extra solar power back to the grid. For everyday investors, one of the most practical updates is around foreign investment fund…
According to BNZ chief economist Mike Jones, the average mortgage rate in June fell to 5.66 per cent, down from the cycle’s peak of 6.39 per cent. This shift has translated into real savings for borrowers, with a typical new…