Latest from Inland Revenue Department

Debt or taxable income? Govt watering down look into the billions companies lend shareholders

Nicola Willis details the Government's response to controversial Inland Revenue proposals.

Proposal to tax company loans to shareholders appears dead in the water

NZ First and Act oppose Inland Revenue proposal.

Kiwifruit labour contractor in liquidation owing IRD $1.5m

The company, incorporated in 2019, had compliance issues and couldn't pay its staff.

Barfoot & Thompson in $600k lawsuit after rising star agent's copy-paste signature 'mistake'

OLA Homes says copy-pasted digital signatures cost it more than $600,000.

All Blacks legend's tyre business goes into liquidation

The Thames store was sold to a new owner about a month before liquidation.

IRD's top boss used in AI-generated scam, prompts warning

Inland Revenue urges Kiwis to be vigilant, especially around important tax periods.

'Big mistake': Million-dollar sale collapses as rising star estate agent copy-pastes signature

A copy-pasted signature was among the errors that invalidated the contract.

Childcare chain collapses after repeated licence breaches, leaving $1m tax debt

Records show seven Ministry of Education breaches across the three centres.

Flipping king's real estate agency liquidated over IRD tax debt

Liquidators are probing dozens of property flips and millions in unpaid tax.