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In this section
Filled with expert commentary, examples, useful information and contact details, our newsletters can help you manage your tax affairs, get what you're entitled to, avoid paying penalties and keep up to date with tax legislation. You can also subscribe to receive regular notifications from our specialist tax areas.
The list below describes the newsletters and notifications you can subscribe to.
Business Tax Update
Get all your business tax news in one place every month - tax updates on PAYE, GST and FBT and other relevant tax issues. This makes it easy for people in business to understand and comply with their tax obligations.
Agents Answers is our monthly newsletter to tax agents giving updates on tax law changes, and operational and technical issues.
Large Enterprises Update
Aimed at larger corporate organisations (with annual turnovers of more than $100 million), this quarterly newsletter communicates changes to tax law and Inland Revenue policies and procedures that may affect these groups.
If you're a community group or electorate office or provide advice to people about personal tax, child support, Working for Families Tax Credits and student loans, then this quarterly newsletter will keep you informed.
Student loan Notify Me
Notify Me provides up-to-date, topical information for both New Zealand-based and overseas-based borrowers. This information will help you better manage your student loan.
Tax Information Bulletin
The monthly Tax Information Bulletin contains information about changes to tax-related legislation, proposed legislation, judgments, rulings and other specialist tax topics.
Inland Revenue produces a number of items that explain how taxation laws may affect taxpayers and their agents. These go through an extensive public consultation process before being published. You can have your say by commenting on the technical and/or any other aspects of the drafts.
Tax policy updates
Keep up to date with the latest news and information about the Government's tax policy work programme. Updates cover proposed changes to the laws that we are responsible for, the progress of bills through Parliament and policy announcements.
Receive regular news alerts on the transformation of New Zealand's tax system and how we're making it simpler and faster for New Zealanders to pay and receive their taxes and entitlements.
A customer with:
Adjudication cases are classified (depending on the degree to which the position of the Commissioner of Inland Revenue was upheld) into the following five categories:
|Customers in debt|
Individuals or entities with overdue debt amounts.
Includes: companies, diplomatic missions, government departments, individuals, Māori authorities, partnerships, societies/clubs, superannuation funds, trusts, unit trusts.
We distinguish between three groups of filing channels:
GST turnover is calculated from GST returns as the sum of gross sales in the year ended 31 March.
Customers not registered for GST or PAYE and not belonging to large enterprises (LE) and non-profit organisations (NPO).
|Large enterprise (LE)|
|Liable parent (formerly non-custodial or paying)|
A parent who does not take care of the child on an ongoing basis, excluding those who are not paying child support but have debt in child support.
|Non-profit organisation (NPO)|
All entities exempted from income tax and not belonging to large enterprises with the following exemption types:
all entities except building societies and friendly societies with "other" exemption type.
|Overdue child support debt|
The amount of an employer's or a liable parent's liability which is in arrears (due, but not paid), together with overdue receiving carer overpayments.
|Overdue debt case age|
The period of time after the debt case is opened.
|Overdue debt cases|
A debt case is created when a due date for payment has passed without full payment being made. Other overdue debt elements may be added as they become overdue. The case will close when all overdue debt has been fully resolved.
|Overdue debt element|
A specific tax type and time period for which a debt is due. A customer can have one or more debt elements.
|Overdue student loan debt|
The amount of repayment obligation for a tax year that has remained unpaid by a borrower after the due date.
|Overdue tax debt|
The amount of tax that remains unpaid after the due date for payment. This includes any penalty and interest applied to the debt.
|Overdue Working for Families Tax Credits debt|
When recipients were paid more than their entitlement and consists of the remaining amount they fail to repay by the due date and any penalty and interest applied to the debt.
|Percentage of payments made on time|
A ratio of number of late payments to a total number of payments per tax year.
|Percentage of returns filed on time|
A ratio of number of late filings to a total number of filings per tax year.
|Receiving carer (formerly custodial parent)|
A person is an eligible custodian of a child if that person:
Registered customers include all customers registered with Inland Revenue, either individuals or entities.
Includes only taxes and duties collected by Inland Revenue. Figures are unconsolidated.
Note: The Treasury publishes monthly financial statements prepared on a consolidated basis, meaning they eliminate tax transactions between departments, state-owned enterprises and Crown entities.
|Revenue collected from Liable parents (formerly non-custodial or paying)|
Includes all revenue collected within each tax year by Inland Revenue including payments related to other time periods.
A penalty imposed as a percentage of a tax shortfall (a deficit or understatement of tax), resulting from certain actions on the part of a taxpayer. Shortfall penalties apply to most taxes and duties. The exceptions are student loan repayments and child support repayments by liable parents.
The law divides these actions into five categories of fault or breach, with a specified penalty rate for each category (Lack of reasonable care, Unacceptable interpretation, Gross carelessness, Abusive tax position, Evasion).
|Small and medium enterprise (SME)|
Source deductions include:
A tax agent prepares the annual returns of income for 10 or more customers in one of the following ways:
A tax agent must be a registered Inland Revenue customer.
Taxable income for individuals is income on which their personal income tax is assessed for the March year.
|Weighted overdue debt case age|
The average age of the case elements weighted by their dollar value.
|Working for Families Tax Credits|
The Working for Families Tax Credits (WfFTC) consists of the following credit types:
Note: WfFTC was collectively known as "family assistance".