New Zealand Cricket announced its Twenty20 and one-day international squads, with Corey Anderson and Tom Bruce preferred over Taylor to prop up the middle order in the game's shortest form.
Taylor is the third-highest run scorer for New Zealand in Twenty20 cricket but has not been required since the World T20 11 months ago.
Leg spinner Ish Sodhi retained his place in the ODI squad along with Mitchell Santner, while big-hitting all-rounder Colin Munro was dropped with Jimmy Neesham taking over the number six spot.
"Having two frontline spinners in the side gives us flexibility and Ish is an aggressive bowler who in the right conditions can be a real threat for us."
Luke Ronchi will also make his return to both forms of the game after missing the recent Australia series because of injury.
New Zealand Twenty20 squad: Kane Williamson (capt), Corey Anderson, Trent Boult, Tom Bruce, Lockie Ferguson, Colin de Grandhomme, Martin Guptill, Colin Munro, James Neesham, Luke Ronchi, Mitchell Santner, Ish Sodhi, Tim Southee, Ben Wheeler.
New Zealand play South Africa in a one-off Twenty20 in Auckland on Friday and a five-match ODI series starting in Hamilton beginning Sunday, February 19.
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