Inland Revenue - Latest News [Page 3]
Tax Evasion Software Prompts Stern Warning
Tuesday, 13 December 2022, 2:15 pm | Inland Revenue
Inland Revenue has issued a new Revenue Alert warning of severe consequences for anyone who has or uses Electronic Suppression Software Tools (ESST) to try to evade tax. Inland Revenue spokesperson Tony Morris says the threat that ESS tools pose ... More >>
Cleaners Sentenced To Community Detention
Thursday, 17 November 2022, 3:51 pm | Inland Revenue
The two directors of an Auckland cleaning company have been sentenced to community detention and ordered to pay reparations for GST fraud committed over many years. Bimlesh Vishal Sharma and Prashita Narayan faced a representative charge of using ... More >>
Sort Student Loan Repayments Before Heading Overseas
Friday, 28 October 2022, 12:31 pm | Inland Revenue Department
With New Zealand’s borders open again it’s no surprise an estimated tens of thousands of young Kiwis are planning a move overseas. For many young people, this is an opportunity to use their newly-earned skills and qualifications on the world ... More >>
Sharing The Secrets Of Successful Business Transformation
Friday, 15 July 2022, 1:25 pm | Inland Revenue Department
Inland Revenue (IR) has launched a website making the detail behind its successfully completed $1.5 billion transformation programme available to other agencies and organisations. The Business Transformation Programme (BT) was officially closed off this month and ... More >>
Sharing The Secrets Of Successful Business Transformation
Friday, 15 July 2022, 12:37 pm | Inland Revenue Department
Inland Revenue (IR) has launched a website making the detail behind its successfully completed $1.5 billion transformation programme available to other agencies and organisations. The Business Transformation Programme (BT) was officially closed off this month and ... More >>
Offshore Tax Transparency Compliance Focus
Thursday, 30 June 2022, 11:41 am | Inland Revenue Department
Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules. The compliance focus highlights the extensive international exchanges of information ... More >>
Update On Hidden Economy Real Estate Campaign
Wednesday, 22 June 2022, 11:39 am | Inland Revenue Department
The Inland Revenue campaign focussing on the real estate sector has resulted in a drop in the amount of private expenses claims being made. IR expanded its hidden economy focus to include the real estate sector last year, concerned at both the ... More >>
Inland Revenue Closed For Final Stage Of Major Upgrade
Wednesday, 20 October 2021, 10:21 am | Inland Revenue Department
The final stage of Inland Revenue’s multi-million-dollar programme to upgrade and simplify the tax system begins tomorrow. Inland Revenue will close at 3pm on Thursday 21 October and reopen on the morning of Thursday, 28 October. During that ... More >>
GST October Filing Deadline To Be Extended
Friday, 1 October 2021, 1:11 pm | Inland Revenue Department
Taxpayers will have an extra week to file and pay GST and income tax currently due on October 28 this year. This is in response to Inland Revenue's systems shutting down for their final Business Transformation release from 3pm Thursday 21 October ... More >>
Inland Revenue reassures people they won’t be penalised for late filing or payments
Wednesday, 25 August 2021, 1:50 pm | Inland Revenue Department
Inland Revenue is reassuring customers they won’t be penalised if they can’t pay their tax on time during the current high Covid alert levels. We know many people are having difficulty getting hold of us at the moment about general tax issues, ... More >>
Media Update On Asteron
Thursday, 29 July 2021, 12:19 pm | Inland Revenue
Inland Revenue spokesperson: “Inland Revenue has told its staff that, while no decisions have been made yet, it may not occupy the Asteron building while work to fix seismic issues is being carried out. IR is working with the building owner and ... More >>
IR's Central Wellington Office Closed After Seismic Assessment
Wednesday, 14 July 2021, 3:43 pm | New Zealand Inland Revenue
“Inland Revenue has closed its central Wellington office and sent staff home after a new seismic assessment put the Asteron building at a lower level than previously assessed. IR occupies seven floors of the Asteron building on Featherston St, with ... More >>
Business Asset Sales Rules Tightened
Wednesday, 23 June 2021, 2:45 pm | Inland Revenue Department
The rules for how business assets are valued when they are sold as a bundle are being tightened. These updated Purchase Price Allocation (PPA) rules, which come in to force on 1 July, apply to the sale of assets such as commercial property, forestry ... More >>
Concerns About Unexpected Tax Bills
Thursday, 17 June 2021, 2:25 pm | New Zealand Inland Revenue
Over the past few days some people have been concerned about receiving a tax bill they weren’t expecting. We apologise for any instances where our processes have contributed to that concern. The bills are correct based on the information provided ... More >>
Inland Revenue Gets The Rainbow Tick
Friday, 23 April 2021, 10:16 am | Inland Revenue Department
Inland Revenue (IR) has received the Rainbow Tick, recognising IR’s work to make it a safe and welcoming workplace for Rainbow community members. In a report approving the award, the Rainbow Tick Programme congratulated IR on having a thriving Rainbow ... More >>
Real Estate Sector The Focus Of New Inland Revenue Campaign
Monday, 15 March 2021, 3:26 pm | New Zealand Inland Revenue
Inland Revenue is turning its hidden economy focus on to the real estate sector, including both the under reporting of income and the overstating of expenses. Inland Revenue spokesperson Richard Owen says “Real estate is one area that is booming ... More >>
Inland Revenue Warns Against Avoiding 39% Rate
Friday, 12 March 2021, 11:15 am | Inland Revenue Department
Inland Revenue (IR) says the new 39 percent tax rate for those on incomes over $180,000 may see some high-income earners tempted to try and reduce their exposure to the rate. IR Customer Segment Leader, Tony Morris, says IR will be keeping a close watch ... More >>
Inland Revenue’s System Upgraded Ahead Of Schedule
Sunday, 28 February 2021, 5:22 pm | Inland Revenue Department
Inland Revenue’s systems are back online early after completing the latest round of Business Transformation work ahead of schedule. The system was scheduled to be shutdown until 8am tomorrow but because the upgrade went really well, IR has been ... More >>
IR Online Services And Phone Lines Closed During This Weekend
Wednesday, 24 February 2021, 11:56 am | Inland Revenue Department
Inland Revenue’s online services and phone lines will be closed this weekend as the transformation of the tax system continues. From 5pm Friday 26 February myIR and voice services (SPK2IR) will be unavailable and IR’s phone lines will be closed. ... More >>
Man Used Forged Documents To Falsely Claim GST Refunds
Friday, 22 January 2021, 12:30 pm | Inland Revenue
A 25-year-old Auckland man has been sentenced to more than two years in prison for tax fraud involving more than $200,000. Aaron Roydyn Ryder pleaded guilty to 16 charges of knowingly providing false GST returns to obtain GST returns he was not entitled ... More >>