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7 Jun 2025 4:42
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  •   Home > News > Business

    A funding boost for Inland Revenue - towards a crack down on tax debt

    A funding boost for Inland Revenue - towards a crack down on tax debt

    6 June 2025
    The tax department's been allocated an extra 35-million-dollars in Budget 25, for its tax compliance and collection activities.

    The tax department expects to return an additional four dollars for every dollar in the first year, and eight dollars in year two.

    IRD Commissioner Peter Mersi says there was a focus on overseas student loan borrowers last year, and conversations are continuing with this group.

    He says those deliberately choosing not to make their payments can be arrested at the border if necessary.

    © 2025 Newstalk ZB, NZCity


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    BUSINESS BUSINESS
    The New Zealand Shareholder Association says Fletcher Building's share price has decreased slightly - since a legal challenge More...



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