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Inland Revenue (IR) has outlined how it will use increased funding in this year’s budget to boost collection activities and invest more in tax compliance.
Inland Revenue has collected more than $207 million in repayments since July last year from student loan borrowers living overseas – a 43% increase on the same period the previous year.
Today (May 12) marks the fifth anniversary of the Small Business Cashflow (Loan) Scheme, and the point where loans should be paid off.
