New Zealand Budget 2026 - Tax changes

New Zealand’s 2026 Budget has delivered a collection of reforms, some of which align to what we were expecting and some of which are a complete surprise.

Foreign investment fund rules Foreign Investment Fund (FIF) tax changes are expected to cost NZ$84.6 million over the forecast period. For unlisted shares, making the new revenue account method available to all New Zealand taxpayers, ensuring tax is paid only on realised gains and actual dividends. Lifting the FIF de minimis threshold from NZ$50,000 to NZ$100,000, reducing the number of smaller investors who are required to apply the complex FIF rules. Expanding the availability of the ...

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Authors: Gwen Riley, Rachel Piper

Published Date: 02 June 2026