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Media releases

30 June 2022

Offshore Tax Transparency Compliance Focus

Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules.

21 June 2021
Business asset sales rules tightened

The rules for how business assets are valued, when they are sold as a bundle, is being tightened.

These new Purchase Price Allocation (PPA) rules, which come in to force on 1 July, apply to the sale of assets such as commercial property, forestry land or a business.

16 March 2021
Real estate sector the focus of new Inland Revenue campaign

Inland Revenue is turning its hidden economy focus on to the real estate sector, including both the under reporting of income and the overstating of expenses.

19 December 2020
Small business support expanded

More small businesses will be eligible to take out interest-free loans under changes announced today to a government cashflow scheme.

More Business news
28 October 2021
Inland Revenue systems re-open after final major upgrade

Inland Revenue’s secure online service myIR has re-opened, along with its phone lines and some offices, after the final stage of Inland Revenue’s multi-million-dollar programme to upgrade and simplify the tax system.

20 October 2021
Inland Revenue closed for final stage of major upgrade
The final stage of Inland Revenue’s multi-million-dollar programme to upgrade and simplify the tax system begins later this week.
01 October 2021
GST October filing deadline to be extended

Taxpayers will have an extra week to file and pay GST and income tax currently due on October 28 this year.

More Transformation news
17 June 2021
Concerns about unexpected tax bills

Over the past few days some people have been concerned about receiving a tax bill they weren’t expecting. We apologise for any instances where our processes have contributed to that concern. The bills are correct based on the information provided to Inland Revenue.

10 May 2021
Prison for horticultural contracting company director

Prison and home detention sentences have been handed down to two men who used horticultural contracting companies to evade over $1.7 million of tax between 2007 and 2017.

23 April 2021
Inland Revenue gets the Rainbow Tick

Inland Revenue (IR) has received the Rainbow Tick, recognising IR’s work to make it a safe and welcoming workplace for Rainbow community members.

More Individuals news
30 June 2022
Offshore Tax Transparency Compliance Focus

Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules.

More International Tax news
13 May 2022
Labour hire boss jailed on tax evasion charges

An Auckland labour hire company director has been sentenced to 27 months in prison, with his company, now in liquidation, still owing more than $1.1 million in PAYE, KiwiSaver and student loan deductions.

12 May 2022
Former real estate agent sentenced, sector campaign continues

A former Nelson real estate agent has been sentenced to home detention on tax fraud charges after overstating her expenses and under reporting her income.

12 May 2021
Jail sentence handed down for $17 million of GST fraud

A Gisborne man has been sentenced to 8-years 6-months in jail after being found guilty on 39 charges of dishonestly claiming and receiving over $17 million of GST refunds.

More Prosecutions news
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