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.
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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.
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.
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).
Cryptocurrency tax guidance extended to cover employee share schemes
06 September 2019
Inland Revenue is extending its guidance on cryptocurrencies to cover their use in employee share schemes.
Mercury NZ v CIR - court case
26 August 2019
The recent court case between Inland Revenue and Mercury NZ Ltd is only the second time New Zealand courts have analysed the modern depreciation regime, introduced in 1993.
Tax treatment of land use payments clarified
23 August 2019
Revenue Minister Stuart Nash has announced his intention to introduce a legislative amendment to ensure that payments received by a land owner from the grant of a land right (such...
Payday filing – Inland Revenue prefers education over penalties
16 August 2019
Inland Revenue (IR) would like businesses not already filing their payroll information every payday, to seek the help they may need before IR calls them.
Work programme confirms economic and social focus
08 August 2019
The Government’s updated tax policy work programme continues the focus on productivity, growth and wellbeing outlined in Budget 2019, Revenue Minister Stuart Nash announced today.