New Zealand: Summary of 2026 election tax policies
Overview of tax policy differences proposed by major political parties ahead of New Zealand’s November 7 general election.
The KPMG member firm in New Zealand has prepared an Election Tax Tracker highlighting significant differences in the tax policies proposed by political parties ahead of the November 7, 2026, general election.
Key areas of potential change include:
- KiwiSaver contribution rates and retirement savings
- Individual income tax changes, including relief for lower-income earners and possible rate adjustments
- Capital gains taxation, particularly under a Labour-led coalition with parties advocating broader tax reform
- Additional taxes applicable to banks
The report also notes that a change in government could result in the repeal or revision of recent measures, including Investment Boost, interest deductibility rules, the property bright-line rules, and certain thin capitalization provisions.
Read an August 2026 report prepared by the KPMG member firm in New Zealand