Taxation Rule Changes April 2006From 1 April 2006 new migrants and returning New Zealanders who have not been tax-resident for at least ten years are exempted from tax for four years on foreign income such as dividends, interest, royalties and rental income. The ten year requirement is designed to ensure that New Zealand residents do not leave the country just to become eligible for the exemption. The changes are part of the Taxation (Depreciation, Payment Dates Alignment, FBT and Miscellaneous Provisions) Bill | 
