Tax skimming software to be banned

IRD is worried sales suppression software is making its way into NZ hospitality businesses. (Image: Deposit Photos)

Wed, 22 Sep 2021

The government is moving to ban sales suppression software with hefty fines for selling or possessing the tax evasion tool.Sales suppression software works by altering point of sales (POS) transaction records to make it look like fewer sales have been made.The use of such software poses problems for tax authorities as POS records are meant to be not alterable and are used for audits.The Inland Revenue Department has advised the government it is not sure how widespread the practice is in New Zealand, but it has been told by its international cou...

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