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Budget 2024: The Government has announced FamilyBoost, a proposed new childcare payment to help eligible families with the rising costs of Early Childhood Education (ECE). Find out more: Beehive.govt.nz

Inland Revenue is a wholly owned entity of the Crown. The Government significantly influences the role of Inland Revenue as well as being its major source of revenue.

Related party disclosures have not been made for transactions with related parties that are within a normal supplier or client/recipient relationship on terms and conditions no more or less favourable than those where it is reasonable to expect that Inland Revenue would have adopted in dealing with the party at arm’s length in the same circumstances. Further, transactions with other government agencies (for example, government departments and Crown entities) are not disclosed as related party transactions when they are consistent with the normal operating arrangements between government agencies and undertaken on the normal terms and conditions for such transactions. Inland Revenue has no related party transactions that are required to be disclosed in 2023 (2022: nil).

Remuneration of key management personnel

The remuneration of key management personnel during the year was as follows:

The key management personnel remuneration disclosure includes the Chief Executive (Commissioner), 7 Deputy Commissioners, the Chief Tax Counsel and those formally acting in those positions during the financial year. The Commissioner’s remuneration is determined and paid by Te Kawa Mataaho the Public Service Commission and invoiced to Inland Revenue.

The remuneration disclosure excludes the Minister of Revenue. The Minister’s remuneration and other benefits are set by the Remuneration Authority, are received for more than the role as a member of key management personnel of Inland Revenue and are not paid by Inland Revenue.

Last updated: 19 Dec 2023
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