Foreign Investment Fund reforms to progress in New Zealand

The challenges of the FIF rules are not limited to new and returning Kiwis and we would welcome the further extension of the revenue account method, as outlined by KPMG NZ’s Rebecca Armour.

The New Zealand Government has announced it will be proceeding with changes to the country's Foreign Investment Fund (FIF) tax rules, consulted on last year, to address concerns around how those rules can penalise migrants to New Zealand with offshore investments. In a nutshell, the current FIF methods tax deemed income each year from offshore shares. This can be regardless of the actual performance of the investment (including if ultimately realised for a loss), the availability and volati...

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Authors: Rebecca Armour

Published Date: 24 March 2025