- 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
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