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.
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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.
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.
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.
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...
Oamaru embraces AIM
19 September 2019
An Oamaru accountant is an enthusiastic advocate of Inland Revenue’s new provisional tax option, the Accounting Income Method (AIM).
Inland Revenue launches public campaign to explain the biggest tax changes in a generation
05 November 2018
Today Inland Revenue kicks off a major public information campaign to tell New Zealanders what the biggest changes to the tax system in a generation will mean for them.
Business owners who keep good books sleep easy
08 May 2018
Keeping good business records can lead to a good night’s sleep is the main message in Inland Revenue’s latest campaign targeting the hospitality industry.