- Cancellation of Digital Services Tax: On May 20, 2025, the New Zealand Government announced the decision to discontinue the Digital Services Tax (DST) Bill, which would have imposed a 3% tax on the gross revenue of large multinational entities earning income from New Zealand.
- Background of the Bill: Originally introduced by the previous government in 2023 with a proposed effective date of January 1, 2025, the DST Bill remained unenacted before Parliament following the 2023 General Election.
- Government’s Rationale: Minister of Revenue Hon Simon Watts stated that the government has been monitoring international developments and concluded that pursuing the DST Bill was unnecessary, leading to its discharge from Parliament
Source:
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