Budget 2025: Facebook, Google escape NZ tax reform

Good news for Facebook. (Image: Getty)

Tue, 20 May 2025

The Government has abandoned legislation to impose a 3% tax on the New Zealand revenues of multinational online search and social media platforms, and removed forecast revenue from the tax from future Budgets.The Digital Services Tax Bill was forecast to collect some $320 million over four years from the date of its initially intended implementation date of Jan 1, 2025, before settling down to a presumed $98m a year in additional tax revenue.Instead, the Government had decided to “discharge the Digital Services Tax Bill from the legislati...

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