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Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Information release
Published 12 December 2019

Cabinet paper DEV-19-SUB-0299: Income tax treatment of leases subject to International Financial Reporting Standards

This information release covers proposed income tax changes that would allow taxpayers who follow International Financial Reporting Standards (IFRS) to choose to follow their accounting treatment, with certain adjustments, for calculating tax deductions for expenditure under operating leases other than real property.

Documents in this information release
  1. DEV-19-SUB-0299 –- Cabinet paper: Income tax treatment of leases subject to NZ IFRS 16 (13 November 2019)
  2. DEV-19-SUB-0299 – Regulatory impact assessment: Income tax treatment of leases subject to NZ IFRS 16 (17 October 2019)
  3. DEV-19-MIN-0299 – Minute: Income tax treatment of leases subject to International Financial Reporting Standards (13 November 2019)
Additional information

The Cabinet paper was considered by the Economic Development Committee on 13 November 2019 and confirmed by Cabinet on 18 November 2019.
Related information
  • Fact sheet - Proposed changes to the income tax treatment of leases where IFRS 16 applies (December 2019)