Inland Revenue Department - Latest News [Page 1]

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 >>

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 >>

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 >>

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 >>

Auckland Couple Sentenced For Repeated Tax Evasion

Wednesday, 20 January 2021, 9:31 am | Inland Revenue Department

A South Auckland husband and wife, who a judge says used a repeat pattern of tax evasion and used their children as puppets in their ongoing businesses, have been sentenced to prison and home detention respectively. Tamanini Muaiava and his wife ... More >>

A New World Of Tax Compliance

Tuesday, 17 November 2020, 9:43 am | Inland Revenue Department

In an article on last week , 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 >>