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Inland Revenue Department - Latest News [Page 1]
A New World Of Tax Compliance
Tuesday, 17 November 2020, 9:43 am | Inland Revenue Department
In an article on Interest.co.nz last week https://www.interest.co.nz/news/107887/terry-baucher , Terry Baucher and Andrea Black suggested Inland Revenue’s transformation hasn’t been successful because cost savings haven’t been re-invested into audit and investigation ... More >>
New Inland Revenue Guidance On Cryptoassets
Monday, 7 September 2020, 3:40 pm | Inland Revenue Department
Inland Revenue has updated its guidance on the tax treatment of cryptoassets in New Zealand. Crypto-assets are also known as cryptocurrencies or virtual currencies. Spokesperson Tony Morris says Inland Revenue is doing the refresh to provide some ... More >>
Auckland Accountant Jailed For Historical Tax Fraud
Tuesday, 25 August 2020, 12:44 pm | Inland Revenue Department
An Auckland accountant has been sent to prison for two years and nine months for tax fraud dating back to the turn of the century. Alice Jardinero Monzon, 67, was sentenced in the Manukau District Court yesterday and as well as prison time, was ... More >>
Hamilton Accountant Jailed For Tax Fraud
Wednesday, 19 August 2020, 12:17 pm | Inland Revenue Department
A Hamilton-based chartered accountant, who fabricated GST and income tax returns to fund a gambling habit and go on holidays, has been sent to prison for three years. Megan Nyree Findlay was sentenced today in the Hamilton District Court for filing ... More >>
Government Loans For Struggling Small Businesses - Applications Open
Tuesday, 12 May 2020, 2:12 pm | Inland Revenue Department
Applications are open today for the Government’s Small Business Cashflow scheme, making loans available to small businesses struggling with loss of revenue due to COVID-19. Inland Revenue will administer the scheme, handling loan applications, ... More >>
IR Warns Of Scams During Tax Refund Process
Tuesday, 21 April 2020, 1:29 pm | Inland Revenue Department
Inland Revenue is warning customers to be wary of scammers during the 2020 tax refund season. Between Mid-May and July, IR automatically processes and pays out tax refunds. It is also when scammers may try to scam you. This year IR will send around 2.5 million ... More >>
First Working For Families Payments For The New Tax Year
Tuesday, 7 April 2020, 8:22 am | Inland Revenue Department
Today (Tuesday 07 April) Inland Revenue’s Working for Families customers receive their first payment for the new tax year and for some the amount they get may be different. The amount may have changed from what they received last month, based ... More >>
IR Easter Shutdown For System Changes, COVID-19 Support Will Continue
Monday, 6 April 2020, 4:26 pm | Inland Revenue Department
Inland Revenue (IR) will turn off its computer systems for seven days from this Thursday to implement the latest round of planned transformation changes. All phone and online services will be unavailable from 3pm on 9 April until 16 April. That ... More >>
Working For Families Payments Will Continue
Wednesday, 1 April 2020, 10:46 am | Inland Revenue Department
Overnight, Inland Revenue sent a letter to our Working for Families customers implying their payments would stop. This is not the case – the letter refers to the previous tax year. We are still sending out Working for Families payments and will continue ... More >>
COVID-19 And Tax Matters - Guidance For Businesses And Tax Agents
Tuesday, 31 March 2020, 12:36 pm | Inland Revenue Department
Inland Revenue will write-off any penalties and interest for businesses unable to pay taxes on time due to the impact of COVID-19. Don’t worry about contacting us right now. Get in touch with us when you can. We’re working hard to provide essential ... More >>
Inland Revenue Updated Advice To Businesses
Wednesday, 25 March 2020, 12:20 pm | Inland Revenue Department
If your business is unable to pay its taxes on time due to the impact of COVID-19, we understand, you don’t need to contact us right now. Get in touch with us when you can, and we’ll write-off any penalties and interest. It would help if you continue ... More >>
Shutdown Dates For 2020
Friday, 6 March 2020, 11:37 am | Inland Revenue Department
The revenue system will be closed for a week in April as Inland Revenue introduces a new round of changes to make tax more straightforward. Inland Revenue’s Deputy Commissioner Transformation, Greg James, says to make the changes Inland Revenue’s ... More >>
Masala Restaurant Co-owner Jailed For Money Laundering And Tax Evasion
Friday, 28 February 2020, 1:02 pm | Inland Revenue Department
A co-owner of the Masala Restaurant chain has been jailed for hiding millions of dollars in cash sales and laundering large amounts of it. Rupinder Singh Chahil was sentenced today at the Auckland High Court to three years and two months in prison, ... More >>
Inland Revenue Reminder About The End Of Cheques
Monday, 24 February 2020, 3:46 pm | Inland Revenue Department
Inland Revenue is reminding customers it will no longer accept cheques from 1 March. Along with the Accident Compensation Corporation, Kiwibank and New Zealand Post, Inland Revenue is calling time on cheques because of their rapidly declining use, ... More >>
Former financial adviser sent to prison on tax charges
Tuesday, 26 November 2019, 1:33 pm | Inland Revenue Department
An Auckland man, who a judge says used Inland Revenue as a bank to prop up failing businesses, has been sent to prison for nearly five years. More >>
Baker jailed for persistent and premeditated tax evasion
Monday, 25 November 2019, 5:17 pm | Inland Revenue Department
A Waikato baker has been sent to prison for nearly five years for persistent and premeditated multi-million-dollar tax evasion over six years. More >>
IR updates its compliance focus on Multinationals
Friday, 8 November 2019, 10:20 am | Inland Revenue Department
Inland Revenue says new measures to ensure large multinationals pay the right tax in New Zealand are working well and should mean an extra $200m in tax collected each year. More >>
Hidden economy campaign – IR visits hospitality businesses
Tuesday, 29 October 2019, 12:39 pm | Inland Revenue Department
Inland Revenue compliance staff have searched several Central Otago businesses and made unannounced visits to others, as part of its current hidden economy campaign targeting the hospitality sector. More >>
Hamilton brothers sentenced after major tax evasion case
Thursday, 17 October 2019, 9:37 am | Inland Revenue Department
In the Hamilton District Court this week, Judge Kevin Phillips sentenced 61-year-old truck driver Lindsay Scott to 3 years 6 months in prison. His older brother Roger, a 64-year-old lab technician, was sentenced to 2 years and 6 months imprisonment. More >>
Changes to ring-fencing rental losses rules
Tuesday, 8 October 2019, 2:06 pm | Inland Revenue Department
Inland Revenue is reminding landlords they can no longer offset residential property deductions against their other income. More >>
