Tag: IRD

New Email Scam Circulating in New Zealand

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Fraudulent emails claiming to be from the Inland Revenue Department and stating that the receiver is entitled to a tax refund have been circulating to New Zealanders’ inboxes. The emails have a similar layout to official IRD emails and also contain the IRD logo, making them appear legitimate at first…

IRD No Longer Accepting Cheques

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As of March 1st 2020, the Inland Revenue Department stopped accepting cheques. The decision was taken after Kiwibank, New Zealand Post, and the Accident Compensation Corporation took the same step. According to spokesperson Sharon Thompson, the IRD is becoming more digital in its operations and a majority of its customers…

US$4.2 Million Seized From International Movie Piracy Website

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As criminals increasingly turn to cryptocurrencies to hide or transfer their wealth, governments and service providers have increased their focus on putting a halt to such practices. Following the shutdown of an international movie piracy website, assets generated by the site have been either frozen or seized. The movie piracy…

New Zealand Salaries can now Legally be Paid in Cryptocurrency

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Last month, New Zealand became the first country to fully legalise salary payments in cryptocurrencies. The ruling came into effect on September 1st, 2019 and will last for three years. The Inland Revenue Department, who announced the decision in a bulletin released on August 7th,  states that as long as…

7 Common Mistakes People Make with Their Taxes

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Taxes aren’t a part of life most people would consider fun. Keeping track of all your receipts and records can be tiresome and tedious at the best of times, and infuriating and confusing at the worst. But unless you want the Inland Revenue Department (IRD) to come knocking on your…