Overall, the May 2026 Budget does not introduce sweeping tax reform for businesses, charities, or not-for-profit organisations. Instead, the changes are more targeted, with a focus on simplifying some rules, tightening others, and improving Inland Revenue’s ability to administer the tax system.

A practical guide for working through New Zealand's R&D landscape If you've ever wondered whether the work your team is doing qualifies as R&D, read our article and download our guide

Inland Revenue will begin to implement the Crypto-Asset Reporting Framework (CARF) from the 2026 financial year.