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: Does a savoury scone require cheese on top, or folded inside?
Help settle the great kiwi debate ... cheese on top, or folded inside?
-
76.3% Inside!
-
23.7% On top!
Illuminate Market 2026 is this Saturday 28th March!
With every Illuminate Market, we’re proving that diversity of mind is a strength! 💪
Recreate NZ's annual Illuminate Market is taking place this Saturday 28th March at Mt Albert War Memorial Hall & Reserve.
At Illuminate Market you can:
✨ Meet and purchase products from a wide range of disability-led microenterprises
✨ Experience performing arts and creative workshops from the disability community
✨Learn more about Moxie, Recreate NZ's work experience and training programme for young people with disabilities
✨Hear from and meet world-ranked T54 wheelchair racer and disability advocate, Jaden Movold (Guest Speaker & MC)
✨Participate in fun activities for the whole family
✨Enjoy delicious food from our vendors (vegetarian, vegan and GF options available)
✨Connect with friends, whānau, neighbours, colleagues and the wider community
Illuminate Market 2026
🗓️Sat 28th March, 4pm – 8pm
📍Mt Albert War Memorial Hall & Reserve
Free entry, all welcome!
💡 A Little Brain Buzz for You⚡
I have two faces, but show you only one.
I once had guests, but now have none.
I’m rarely bloody and seldom blue.
I’m often promised and sometimes new
(Trev from Tamatea kindly provided this head-scratcher ... thanks, Trev!)
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Loading…
