Inland Revenue Department (IRD) stories

Crypto investors in New Zealand are being warned to track disposals, claim eligible costs and avoid overpaying as reporting rules tighten.

New Zealand will adopt a global crypto reporting regime from 1 April, ending the 'grey zone' and making offshore tax avoidance far harder.

Xero launches a checklist-style year-end workflow to help small firms reconcile accounts, manage documents and cut adviser workload.

New Zealand's government forms 'Anti-Scam Alliance' with banks, police and tech firms to tackle online scams through real-time data sharing.

As crypto gains popularity, common myths about tax obligations arise, but experts stress that profits made from crypto transactions are taxable in New Zealand.

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.

New Zealand start-up Afirmo is transforming small business operations with its holistic software platform, attracting 3500 customers in its first year.

Inland Revenue issues new guidance on taxing crypto-assets in New Zealand, stating that individuals and businesses must pay income tax on their assets.

Three Kiwi company founders explain how they are helping the post-COVID-19 economic recovery with a mix of innovation and heart.

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.

The news comes following similar moves by the Accident Compensation Corporation, Kiwibank and New Zealand Post.

New Zealand Inland Revenue tightens regulations on multinationals, aiming to boost annual tax revenue by NZD $200 million through updated anti-BEPS measures.

Inland Revenue's new provisional tax option, AIM, is being well received by small business owners looking for certainty.

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 and ACC will cease accepting cheques from March 2020, urging moves to internet banking and other digital payment methods.

Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.

Kiwi SMEs are urged by MYOB to use Inland Revenue's online gateway for payroll filings to avoid errors, penalties, and streamline compliance.

Inland Revenue warns customers of a convincing email scam offering tax refunds; more than 900 reports received.

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 is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate.