Trusts that earn less than $10,000 likely to be exempt from tax hike
The Government is welcoming the committee's proposal to avoid over-taxation of trusts.
AdvertisementAdvertise with NZME.
Latest fromInland Revenue
Public sector stress: Inside the 'unsettling' efforts to cut costs at govt departments
Just how deep will the cuts go in the race to cut spending?
Diana Clement: Tax and the gig economy
OPINION: Knowing your tax obligations when it comes to side hustles.
'Many failed companies': Builder who owed $350,000 in tax off to prison
Stephen Foley managed to shave several months off the amount of time he'll be behind bars.
Buildhub liquidation: 145 immigrants fired, company owes $2.2m
In a cruel twist, the company blamed its own staff and media reports here and overseas.
Dividend payments expected to spike ahead of trustee tax rate rising
IRD says accelerating dividend payments is unlikely to be considered tax avoidance.
You get paid how much? Data leak exposes more than 100 staff payslips
More pain after layoffs as 'severe' data beach exposes pay, bank account details.
Prosecution of property developer pointless, judge says
Charges against Dave Henderson described as "waste of taxpayers' money" by judge.
Mow your own lawns, judge tells mum with ‘unaffordable’ child support
The judge noted she drove a four-wheel drive vehicle when there were cheaper cars to run.
Tax dodge repeat: Company director convicted second time, jailed for $560k for unpaid PAYE
Leslie John McKenzie has been sentenced to two and a half years in jail.
Government’s $3b landlord tax cut would be retrospective, trigger refunds
The IRD says the new Government's tax cuts could be applied retrospectively.
Woman owes $40k after claiming she was a single mum
The gambling addict stole money, lost her job and now has to repay $40k in tax credits.
Harcourts' agency owner liquidates, forms new company to continue
"Relationship breakdown" cited by the liquidator as the reason for the companies folding.
Retired lawyer facing suspension over unpaid $223k tax bill
Criminal defence lawyer Christopher Persson didn't pay tax for 11 years.
'OG' Head Hunter's son forfeits almost $90k, including $20k found in his undies
The High Court ruled the money was "tainted property" obtained by criminal means.
IRD puts four Auckland dentistry companies under
The businesses were in receivership till last April but repaid creditors $5m to escape.
Skin cancer clinic hit by property deals, falling patient numbers
Owners had a home but decided at the peak of the market to buy a lifestyle block.
Businessman jailed for tax evasion, forgery of almost $1m
He tried to justify false GST returns by providing IRD with forged invoices.
Are trustees using charities to avoid paying tax?
An accountant is cautioning against jumping the gun, saying IRD needs more data.
Pioneering drinks business strikes trouble, makes arrangement with creditors
List of secured creditors released with deed names those claiming money including IRD.
Pah Homestead cafe under new management, previous operator in liquidation
Pah Homestead housed the James Wallace Arts Trust collection.
Pop-up Globe revived, seeking funds to repay some of $1m owed
The revival has riled some, who ask how it could carry on while in liquidation.
GST debt prompts Inland Revenue to liquidate clothing retailer
Problems included ill health, credit facility withdrawal, economic conditions, overheads.
Kiwis owe $1 billion more in tax than last year
The figures were revealed following news of a Nelson woman's "scheme to defeat the IRD".
Failed 'scheme to defeat the IRD': 'Staggering' effect on woman's finances
Mila Amber's plan to avoid a huge tax bill may have cost her dearly.
Judge foils $847,000 scheme to defeat IRD
The terms of the sale prevented the IRD from claiming hundreds of thousands of dollars.
Grant Robertson’s digital services tax on Big Tech ‘a drop in the ocean’
Long-dormant flat tax on Google and Facebook's NZ revenue is suddenly back on the agenda.
Thousands of families, cyclone victims subject to CGT on family home under new rules
An IRD interpretation may mean high tax via the bright-line test for many.
Why public servants are remaining in an earthquake-risk building
In 2022 there was a spate of snap building closures, but these office workers are staying.
Northlanders owe nearly $38m in child support
Across the entire North Island, liable parents owe $596m.
Accountants want low-income trusts to be exempt from tax rate hike
Inland Revenue says $17 billion trustee income is under-taxed.
Mary Holm: Should I pay off the mortgage or put all my money into KiwiSaver?
OPINION: When the division of an estate comes between families.
Alcohol tax hits Auckland gin business, liquidators called in
Lowered demand and an increase in the alcohol excise tax have hit profit margins.
Three reasons Epic Craft Beer failed
Brewer got $210,000 Covid cash for 14 staff - even that wasn't enough for it to survive.