Inland Revenue Department - Latest News [Page 1]

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 >>

Tax evasion prison sentence a warning for hospitality sector

Friday, 4 October 2019, 9:38 am | Inland Revenue Department

Recent successful court action against the owners of more than 20 Thai takeaway restaurants should serve as a warning that Inland Revenue will track down and prosecute businesses deliberately hiding cash sales – no matter how long it takes. More >>

Inland Revenue urges overseas businesses to register for GST

Thursday, 3 October 2019, 11:28 am | Inland Revenue Department

Overseas businesses selling goods valued at a thousand dollars or less to New Zealand consumers are urged to register for GST ahead of a 1 December deadline. More >>

Five members of one family sentenced for tax evasion

Wednesday, 2 October 2019, 8:16 pm | Inland Revenue Department

Five members of one family have been sentenced to prison and home detention after a $2.3 million tax evasion case brought by Inland Revenue. More >>

Oamaru embraces AIM

Thursday, 19 September 2019, 10:28 am | Inland Revenue Department

An Oamaru accountant is an enthusiastic advocate of Inland Revenue’s new provisional tax option, the Accounting Income Method (AIM). Adair Craik has more than 50 clients signed up for AIM, which requires small businesses to make provisional tax payments ... More >>