Changes to in-work tax credit from July 1
16 June 2020
Changes to the in-work tax credit (IWTC), which removes the requirement for working families to work a minimum number of hours, come in to effect next month.
Fewer people to face end of year tax bills
12 June 2020
The Government is moving to ease financial stress for around 149,000 taxpayers by changing the rules around write-offs for tax debt.
Inland Revenue warns of scams during tax refund process
20 April 2020
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.
Small businesses urged not to delay loan application
21 May 2020
Inland Revenue is urging small businesses, looking at applying for the Small Business Cashflow scheme, to do so quickly.
Business
Time for Small Business Cashflow Scheme extended
06 July 2020
The time for applications to the Small Business Cashflow Scheme has been extended until the end of the year.
IR updates its compliance focus on Multinationals
08 November 2019
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.
Hidden economy campaign – IR visits hospitality businesses
29 October 2019
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.
Transformation
IR Easter shutdown for system changes – Covid-19 support will continue
06 April 2020
Inland Revenue (IR) will turn off its computer systems for seven days from this Thursday to implement the latest round of planned transformation changes.
Shutdown dates for 2020
06 March 2020
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.
Short-process rulings give certainty on tax law
30 September 2019
Inland Revenue is introducing a new way for customers to get certainty on how tax law applies to their situation.
Individuals
Inland Revenue reminder about the end of cheques
24 February 2020
Inland Revenue is reminding customers it will no longer accept cheques from 1 March.
Hidden economy campaign – IR visits hospitality businesses
29 October 2019
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.
Changes to ring-fencing rental losses rules
08 October 2019
Inland Revenue is reminding landlords they can no longer offset residential property deductions against their other income.
International Tax
No place to hide overseas income
19 November 2019
Inland Revenue says automatic exchange of information with other tax jurisdictions around the world is proving a potent tool in the fight against tax evasion.
IR updates its compliance focus on Multinationals
08 November 2019
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.
Prosecutions
Masala restaurant co-owner jailed for money laundering and tax evasion
28 February 2020
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.
Tax case sentences in the courts for the end of 2019
06 January 2020
Tax crime happens when people cheat the tax system through deliberate and dishonest behaviour with the aim of obtaining financial benefit.
Former financial adviser sent to prison on tax charges
26 November 2019
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.