New Zealand Tax Agency Issues Information Sheets on 2026 Budget

The New Zealand Inland Revenue May 28 issued information sheets on the 2026 Budget. The information sheets include measures to: 1) exempt payments for aircraft and parts under dry leases from nonresident contractors’ tax; 2) treat outstanding shareholder loans as taxable income six months after company deregistration; 3) simplify Working for Families rules by streamlining income calculations and revising residence criteria; 4) amend foreign investment fund rules by expanding access to the revenue account method, increasing the de minimis threshold to NZ$100,000 (US$59,262), and extending specific exemptions; 5) reform financial arrangements rules, including allowing specific taxpayers to calculate income in ...