Standout yearling threshold announced
24 January 2020
Inland Revenue has released the price yearlings must be sold for at this year’s Karaka Yearling sales so they can be considered as ‘standouts’ and possibly eligible for tax deductions.
Showing page 3 of 29
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.
Tax rules on employer-provided travel
20 December 2019
Inland Revenue has issued an Operational Statement (OS 19/05) to clarify and simplify the tax rules around employer-provided travel to distant workplaces – for example, a person who works in...
Rules around gifting donation tax credits
18 December 2019
In response to a Court of Appeal decision today, Revenue Minister Stuart Nash says he intends to introduce legislation to clarify the law regarding donation tax credits.
NZ joins global child support initiative
27 November 2019
Foreign-based parents who avoid their child support obligations in New Zealand are being targeted in a change that will make it easier for Inland Revenue to collect money owed.
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.
Baker jailed for persistent and premeditated tax evasion
25 November 2019
A Waikato baker has been sent to prison for nearly five years for persistent and premeditated multi-million-dollar tax evasion over six years.
Hamilton brothers sentenced after major tax evasion case
17 October 2019
Two Hamilton brothers have been sent to prison for significant tax and charities fraud.
Tax evasion prison sentence a warning for hospitality sector
04 October 2019
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...
Five members of one family sentenced for tax evasion
02 October 2019
Five members of one family have been sentenced to prison and home detention or ordered to pay reparations after a $2.3 million tax evasion case brought by Inland Revenue.