New Zealand's tax debt has hit $9.3b, prompting an IRD crackdown
Inland Revenue has sharply increased its enforcement activity, collecting $4.3 billion in overdue tax in the year to June – the highest total since 2018 – as total tax debt reached $9.3b. The department’s audit numbers rose 42% to 7641, with one in three targeting property transactions. An extra $35 million in Budget 2025 boosted the IRD's compliance funding, reinforcing the Government’s shift from pandemic-era leniency to debt recovery.
Problem areas: Baker Tilly Staples Rodway tax director Andrew Dickeson said Inland Revenue is scrutinising property sales, underpaid salaries and trust income splitting, alongside cash work and overseas companies operating in New Zealand. Its 2025 annual report shows 650 liquidation cases referred to court, up 49% year on year, signalling tougher consequences for unpaid tax. Dickeson said the IRD was typically good to deal with if people front-footed the tax issue they had and worked on making a payment plan.
========================================================
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
-
82.1% Same!
-
17.9% Would have liked to try something different
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Loading…