Property, rentals and hiring attract greatest IRD scrutiny

(Image: NZME)

Tue, 15 Apr 2025

The Inland Revenue Department’s blitz on delinquent taxpayers since receiving a $29 million Budget boost to its coffers for tax compliance enforcement has reaped more than $600m in undeclared tax from taxpayers across all sources in the six-month period to December.While the Inland Revenue Department (IRD) can’t name the tardiest of payers, citing client confidentiality, its segment lead for significant enterprises, Tony Morris, revealed last week that half of that extra cash came from fewer than 10 audits.Coincidentally, figures al...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket starts week down 1%

The S&P/NZX 50 Index closed at 13,580.29, down 137.81 points or 1%.

Graham Skellern 6:08pm

Economy

Willis to Breman: a 3am call would’ve been ‘totally fine’

Nicola Willis made the remarks immediately after the PM's State of the Nation address.

Dileepa Fonseka 4:28pm

Willis to Breman: a 3am call would’ve been ‘totally fine’

Markets

F&P Healthcare appoints Anna Curzon

Curzon will fill the vacancy following the retirement of Pip Greenwood.

Staff reporters 9:32am

Sponsored

Generative AI will disrupt 90% of jobs - what it means for the future of work

Here’s what that means for the future of work in New Zealand.

Cognizant

Sponsored

AI is only as good as its data foundation

NZ leaders explain why clean, connected data drives AI value.

Cognizant

More Economy

Economy

Willis to Breman: a 3am call would’ve been ‘totally fine’

Nicola Willis made the remarks immediately after the PM's State of the Nation address.

Dileepa Fonseka 4:28pm

Retail

Banks see 2025 inflation at c.3.0%

Core inflation at or moving back to 1-3% range.

Andy Macdonald 5:00am

Economy

Manufacturing activity hits four-year high in December

December's activity for New Zealand’s manufacturing sector hit a four-year high.The seasonally adjusted BNZ – BusinessNZ Performance of Manufacturing Index (PMI) for December was 56.1 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 th...

Rebecca Howard 16 Jan 2026

Retail

EB Games demise sign of the times – analyst

All 38 EB Games stores in NZ will shut their doors by Jan 31, 2026.

Jaime Lyth 15 Jan 2026

Property, rentals and hiring attract greatest IRD scrutiny

More Economy

Your company has a subscription

Team