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Peter Mersi, Chief Executive and Commissioner. Website. www .ird .govt .nz. Inland Revenue or Inland Revenue Department ( IRD; Māori: Te Tari Taake) is the public service department of New Zealand charged with advising the government on tax policy, collecting and disbursing payments for social support programmes, and collecting tax .
Penny and Hooper case. Penny and Hooper ( [2011] NZSC 95) [1] was a landmark taxation case in New Zealand that reached the Supreme Court of New Zealand, which was a major victory for the Inland Revenue Department (IRD) on the issue of tax avoidance .
In 2003, Ferguson was seconded to the New Zealand Inland Revenue Department as deputy commissioner for a period of three years. From 2006 to 2012 she was director, business customer and strategy for HMRC. In July 2012 she was appointed commissioner and chief executive of the New Zealand IRD, becoming the first woman to hold these positions.
The High Court of New Zealand decided in favor of Challenge Corp Ltd and its decision was "upheld by a majority of the Court of Appeal." This decision was then appealed by Commissioner of Inland Revenue to the Judicial Committee of the Privy Council. [2] [3] [4] [5]
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
Since that date, a GST of 15% (dubbed the 'Netflix Tax' [11] [12]) is applied to all supplies from offshore digital service suppliers to New Zealand-based consumers. [13] It is the supplier's responsibility to apply, collect and remit the new GST to New Zealand's Inland Revenue Department .
The Commission of Inquiry into Certain Matters Relating to Taxation, popularly known as the Winebox Inquiry, was an inquiry undertaken in New Zealand to investigate claims of corruption and incompetence in the Serious Fraud Office (SFO) and Inland Revenue Department (IRD). The Commissioner was Sir Ronald Davison. The Commission concluded that ...
The Tax Working Group is an advisory body that was created by the New Zealand Government in late 2017 to investigate ways of reforming New Zealand's taxation system and making it "fairer." Some key areas under its purview include the Goods and Services Tax and alleviating the housing market. The Working Group is headed by former Finance ...