Latest from Inland Revenue Department

Debt hangover: Covid loans put pressure on small firms as failures and IRD write-offs mount

Nearly $450m of the scheme’s loans are in default, with more write-offs likely.

Squeezed: Rio Beverages founder's second juice business in liquidation, owes $1.12m

David Thexton and co-owner Amanda Morgan blamed the economic downturn for its insolvency.

What you need to know if you don’t want your KiwiSaver rate to increase

From April 1, default KiwiSaver contributions rise from 3% to 3.5%.

61 shops announce closures in 10 days: Will liquidation numbers get worse before they improve?

Retail NZ says weak December trading has drained many shops' cash reserves.

Final-year students can claim up to $12k in fees – but is it money well spent?

Eligible first-time students can claim up to $12,000 once they finish study.

‘Whereabouts unknown’: Liquidators chase director over $9m shortfall

Liquidation of Obelisk Industrial triggers legal action against hard-to-find director.

Liquidations hit 15-year high as 2025 proves worst year since GFC

Construction, hospitality, retail and transport firms take biggest knock.

Bankrupted Akl developer 'millions in debt', blames housing market collapse

The developer was tipped into bankruptcy by Carters over a $225k building supplies debt.

Merchant urges IRD crackdown as firewood sales soar on Facebook

'I counted 60 in Napier, Hastings and Central Hawke’s Bay on Marketplace in one day.'