Tax Information Bulletin April 2026

This determination lists the participating jurisdictions that, effective from 1 April 2026, have an agreement with New Zealand to provide us with financial account information under the Common Reporting Standard.  Since the last update in 2025, Cameroon, Mongolia, and Trinidad and Tobago have been added as participating jurisdictions.  This list is important for financial institutions when conducting due diligence in respect of accounts held by passive non-financial entities.

This determination provides that National Pacific Insurance (American Samoa) Limited is a non-attributing active CFC under s EX 21B of the Income Tax Act 2007.  This means a person will have no attributed CFC income or loss from the company under sections CQ 2 and DN 2 of the Act.  This determination applies for the 2026 and 2027 income years.

This determination provides that National Pacific Insurance (Cook Islands) Limited is a non-attributing active CFC under s EX 21B of the Income Tax Act 2007.  This means a person will have no attributed CFC income or loss from the company under sections CQ 2 and DN 2 of the Act.  This determination applies for the 2026 and 2027 income years.

This determination provides that National Insurance Company (Holdings) Limited, Tower Insurance (Fiji) Limited and Southern Pacific Insurance Company (Fiji) Limited are non-attributing active CFCs under s EX 21B of the Income Tax Act 2007.  This means a person will have no attributed CFC income or loss from the company under sections CQ 2 and DN 2 of the Act.  This determination applies for the 2026 and 2027 income years.

This determination provides that National Pacific Insurance Limited is a non-attributing active CFC under s EX 21B of the Income Tax Act 2007.  This means a person will have no attributed CFC income or loss from the company under sections CQ 2 and DN 2 of the Act.  This determination applies for the 2026 and 2027 income years.

This determination provides that National Pacific Insurance (Tonga) Limited is a non-attributing active CFC under s EX 21B of the Income Tax Act 2007.  This means a person will have no attributed CFC income or loss from the company under sections CQ 2 and DN 2 of the Act.  This determination applies for the 2026 and 2027 income years.

This determination provides that a New Zealand resident investor cannot use the fair dividend rate method to calculate FIF income from an investment in Daintree High Income Trust - NZD class units.

This determination sets out which interests in foreign companies and foreign investment funds for the year ended 31 March 2026 the Commissioner of Inland Revenue does not require a person to disclose for the administration of the international tax rules.

This interpretation statement considers the general principles governing the income tax treatment of expenditure taxpayers incur in carrying out work on tangible property they use in a business or income-earning activity.

The Commissioner is issuing this Revenue Alert to highlight the criminal penalties that may apply where employers do not pass PAYE and other amounts deducted from an employee’s salary or wages to Inland Revenue by the due date.  Making deductions and failing to pay them to Inland Revenue is a serious offence carrying a maximum sentence of up to 5 years in prison.  This Revenue Alert highlights that the Commissioner will consider, where appropriate, the possibility of prosecution action where this behaviour is identified. 

The ruling relates to the Applicant’s payment of a distribution to its unitholders and whether this payment is excluded income of the unitholders under s CX 56C of the Income Tax Act 2007.

This item summarises a private ruling about whether the single global fee charged by a Discretionary Investment Management Services provider is an exempt supply of financial services under s 14 of the Goods and Services Tax Act 1985.