These policies were last reviewed and updated on 15/07. Policy positions are reviewed and updated every Wednesday.
The National led coalition introduced a number of key interventions this term including the Investment Boost policy, allowing a business to claim 20% of the cost of new assets as an expense.
Additionally, the Government officially dropped the proposed Digital Services Tax Bill to protect digital commercial channels, overhauled the Fringe Benefit Tax (FBT) rules for employers, adjusted thin capitalisation rules to encourage foreign investment, and raised the threshold before Foreign Investment Fund rules kick in. As part of a response to the fuel crisis, the Government passed the Taxation Act 2026 to deliver a targeted $50 weekly fuel-price relief boost to the In-Work Tax Credit for working families.
Read the Revenue Minister’s full briefing on the Growth Tax Work Programme here
Read Minister Willis’ Keynote speech to the New Zealand Economic Forum, 12 Feb 2026
Labour have announced a targeted 28% Capital Gains Tax (CGT) on commercial and residential investment properties, excluding the family home and farms. Slated for implementation on 1 July 2027, the party states the policy aims to “shift investment from property into the productive economy” while ring-fencing revenue to fund frontline health services.
The Green Party recently announced a comprehensive overhaul of taxation, including a 2.5% tax on individuals holding assets worth above $10 million net. They propose a Capital Acquisitions Tax on assets and gifts received worth over $1 million, excluding family farms and family homes. Their platform also introduces a tax-free threshold on the first $10,000 of income, increases the corporate tax rate to 33% for the 0.7% biggest corporations, and new rates of income tax for incomes over $160,000.
Read the full Green Party “A tax system for all of us” policy here.
Read the full Green Party Alternative Budget and fiscal strategy here.
ACT supports a simplified two-rate income tax bracket system, featuring a maximum top rate of 28%. The party is opposed to any form of capital gains, wealth, or inheritance taxes, framing them as counterproductive “envy” taxes.
ACT support the changes to the Foreign Investment Fund and the Fringe Benefit Tax announced in the Budget 2026.
New Zealand First pledges to make the lowest income tax bracket completely tax-free by 1 April 2027, a move they state will return up to $28.27 a week to low-income workers. Structurally, they are also pushing for a formal Select Committee Inquiry into removing GST from basic fresh foods.
Read New Zealand First’s “tackling the Cost-of-Living Crisis” policy
Te Pāti Māori have proposed removing GST from groceries for people earning less than $60,000. They also support a wealth tax, proposing an annual tax of 1.5% for net wealth between $2 million and $5 million, 2.0% for net wealth between $5 million and $10 million, and 2.5% for net wealth over $10 million.
Te Pāti Māori have also proposed a “Ghost House Tax”, which places a 2% tax on the capital value of all residential houses that remain unoccupied for three months or longer in any one year. They say this will incentivise owners to sell or rent these properties.
In May 2026, Te Tai Tokerau MP Mariameno Kapa-Kingi announced she was splitting from Te Pāti Māori and would contest the 2026 General Election as part of a new political party, named Te Tai Tokerau Party. Ms Kapa-Kingi announced the party would be grounded in tino rangatiratanga, local decision-making, and mana mokopuna. We will post the party policies here as they’re released.
Opportunity has proposed a comprehensive “Tax Reset”. Their strategy features a fully funded package incorporating a Citizen’s Income, a 1.75% Land Value Tax to shift the tax burden away from working income, and a compulsory KiwiSaver 2.0 system.
Retail NZ has included the policies of all parties currently represented in Parliament, listed in order of the number of seats they currently occupy. Additionally, any parties that poll at or above 3% in a political poll during 2026* will also be included underneath, in chronological order of when they met that threshold. Policies are reviewed and updated every Wednesday.
*Opportunity reached 3% in the 1News Verian Poll on 19 April 2026.
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