Inland Revenue Department (IRD) stories
‘Crypto is a tax-free investment’ (*and other crypto tax myths!)
Last month
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cryptocurrency
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blockchain
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tax
As crypto gains popularity, common myths about tax obligations arise, but experts stress that profits made from crypto transactions are taxable in New Zealand.
Maori-led fund seeks $100 million with Ethereum focus
Wed, 18th Dec 2024
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cryptocurrency
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fintech
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blockchain
A Maori-led fintech initiative in New Zealand aims to raise over $100 million in investment with the launch of the Quay Cove Ethereum Growth Fund.
Auckland SaaS start-up Afirmo transforming small business operations
Fri, 10th Nov 2023
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saas
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partner programmes
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ird
New Zealand start-up Afirmo is transforming small business operations with its holistic software platform, attracting 3500 customers in its first year.
Got crypto? Pay tax – A quick look at IR's new crypto-asset guidance
Tue, 8th Sep 2020
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cryptocurrency
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blockchain
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tax
Inland Revenue issues new guidance on taxing crypto-assets in New Zealand, stating that individuals and businesses must pay income tax on their assets.
How Kiwi FinTech is helping keep NZ’s economy on track
Thu, 6th Aug 2020
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fintech
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ird
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sharesies
Three Kiwi company founders explain how they are helping the post-COVID-19 economic recovery with a mix of innovation and heart.
Inland Revenue shuts down to make changes to tax system
Tue, 10th Mar 2020
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digital transformation
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tax
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ird
The revenue system will be closed for a week in April as Inland Revenue introduces a new round of changes to make tax more straightforward.
Inland Revenue to stop accepting cheques
Wed, 26th Feb 2020
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westpac
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ird
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kiwibank
The news comes following similar moves by the Accident Compensation Corporation, Kiwibank and New Zealand Post.
Inland Revenue cracks down on multinationals' tax obligations
Mon, 11th Nov 2019
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tax
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ird
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global economy
New Zealand Inland Revenue tightens regulations on multinationals, aiming to boost annual tax revenue by NZD $200 million through updated anti-BEPS measures.
Growing enthusiasm for Inland Revenue's new provisional tax option
Wed, 25th Sep 2019
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fintech
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financial systems
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accounting systems
Inland Revenue's new provisional tax option, AIM, is being well received by small business owners looking for certainty.
Jail time for woman who failed to pay $740,000 PAYE
Thu, 19th Sep 2019
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hcm
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tax
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ird
Nicola Dargie of Manawatu received a 2.5-year jail sentence and a GBP £11,000 reparation for withholding over GBP £740,000 PAYE; marking her second conviction.
Inland Revenue & ACC to stop accepting cheques from March 2020
Tue, 10th Sep 2019
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martech
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commerce systems
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payment technologies
Inland Revenue and ACC will cease accepting cheques from March 2020, urging moves to internet banking and other digital payment methods.
Cryptocurrency conundrum: Reserve Bank & IR fumble in the dark
Mon, 26th Aug 2019
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cryptocurrency
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blockchain
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facebook
Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.
MYOB: Kiwi SMEs should use IR's online gateway
Fri, 23rd Aug 2019
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fintech
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hcm
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financial systems
Kiwi SMEs are urged by MYOB to use Inland Revenue's online gateway for payroll filings to avoid errors, penalties, and streamline compliance.
IRD warning customers of new email scam over tax refunds
Mon, 22nd Jul 2019
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email security
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cybersecurity
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tax
Inland Revenue warns customers of a convincing email scam offering tax refunds; more than 900 reports received.
$300m paid out to Kiwis via Inland Revenue's new automatic system
Tue, 25th Jun 2019
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uc
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tax
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ird
More than $300m has been refunded to New Zealand taxpayers through the country's automatic tax assessment process, according to new figures by Inland Revenue.
Inland Revenue moves to help investors get tax rate right
Thu, 20th Jun 2019
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ird
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investment
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kiwisaver
Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate.
IRD shuts down fraudulent direct debit scam
Mon, 10th Jun 2019
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email security
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ai
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cybersecurity
Inland Revenue halts scam involving fraudulent transactions on bank accounts; working with police and banks to investigate further.
IRD issues more than $80 million of refunds in one week
Mon, 27th May 2019
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data analytics
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martech
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planning
Inland Revenue's new system issued NZD $83.3 million in refunds and NZD $10.4 million in tax bills in its first week, with records for daily logins.
Already more than 2 million logins for IRD’s new tax system
Wed, 8th May 2019
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digital transformation
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ird
Having shutdown its services for seven days for an IT revamp, IRD is now celebrating its digital transformation success.
IRD completes ‘one of the biggest’ IT projects in state sector
Mon, 6th May 2019
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uc
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digital transformation
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ird
Inland Revenue has completed a significant IT overhaul, transitioning over 19.7 million taxpayer accounts to a new system, enhancing efficiency and fairness.