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…
Inland Revenue (IR) is paying closer attention to rental income from long-term rentals to short-stay arrangements like Airbnb to ensure taxpayers comply with reporting and deduction rules. Whether you are a landlord renting out your spare room or managing multiple…