How META (Meta Platforms, Inc.) Is Taxed in New Zealand
As a US-listed share, META is a Foreign Investment Fund interest under New Zealand rules. If your total foreign holdings exceed the NZ$50,000 de minimis, you owe FIF tax on this position using the Fair Dividend Rate (FDR) or Comparative Value (CV) method.
FDR worked example for META
FDR deems 5% of your opening (1 April) market value as annual NZ income, taxable at your marginal rate. Below shows tax owed at 33% (income $78,101–$180,000) and 39% (over $180,000) marginal rates.
| META cost basis | FDR deemed income (5%) | NZ tax @ 33% | NZ tax @ 39% |
|---|---|---|---|
| $10,000 | $500 | $165 | $195 |
| $50,000 | $2,500 | $825 | $975 |
| $100,000 | $5,000 | $1,650 | $1,950 |
These are FDR figures only. Use the FIF tax calculator to compare with CV (actual economic gain) — CV can be lower than FDR in years where META fell in value or paid no dividends.
FDR vs CV — when each applies
| Method | Income calculation | Use when |
|---|---|---|
| FDR (default) | 5% × opening market value (1 April) | Standard year — share rose or stable, dividends typical |
| CV (alternative) | Actual economic gain (closing − opening + dividends − cost adjustments) | Loss year, low/no dividend year, or year with significant disposals |
You can use FDR for some FIF interests and CV for others in the same year if it produces a lower total — but the choice is per-FIF, not per-share. Once chosen for a year, it applies to all interests in that bucket.
De minimis interplay — does META push you over NZ$50,000?
FIF rules only kick in if the cost basis of all your FIF interests combined exceeds NZ$50,000 at any point in the tax year. Below the threshold, you only pay NZ tax on dividends actually received. META cost counts toward the threshold (unlike exempt ASX shares such as CBA, BHP, and CSL which do not count).
Practical implication: if your portfolio is mostly exempt ASX shares with a small META position, you may stay under the de minimis even with sizable Australian holdings. Use the FIF tax calculator to check your aggregate cost basis.
Related Calculators
Source
IRD Foreign Investment Fund (FIF) rules — see ird.govt.nz Foreign Investment Funds. Verified 2026-04-30.