Tax audits under way for undeclared crypto holdings and overdue student loans

Tax audits under way for undeclared crypto holdings and overdue student loans
IRD is peeking into crypto trades to check them against tax returns. (Image: Getty)
Garth Bray
The Inland Revenue Department is eyeing overseas student loan defaulters and auditing cryptocurrency traders after warning it would take a more robust enforcement approach.  Andrew Stott, the lead of the Inland Revenue Department's (IRD) compliance engagement programme, told BusinessDesk it had been collecting information from "all the New Zealand crypto exchanges".  "We've identified those people who appear to have the highest value trades there. We're working through them,” Stott said. Budget 20...

More Law & Regulation

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Manuka Doctor trademark appeal dismissed
Law & Regulation

Manuka Doctor trademark appeal dismissed

One judge dissented, saying he would have allowed the appeal.

John Anthony 10 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025