New Zealand Tax Agency Issues Determination on 2026 International Tax Disclosure Exemption

The New Zealand Inland Revenue March 31 issued Determination No. ITR37, on the 2026 international tax disclosure exemption, for the income year corresponding to the tax year ended March 31. Topics covered include: 1) the unchanged scope of the exemption, which applies to residents with an income interest in a foreign company that is less than 10 percent in the company, and either isn’t an attributing interest in a foreign investment fund (FIF), or it falls within the NZ$50,000 (US$ 28,602) de minimis exemption; 2) the 41 jurisdictions with which New Zealand has a DTA, as of March 31; and ...