IRD considering several initiatives to crack down on overdue tax
Tax debt as a proportion of tax revenue continues to rise. A report obtained by NBR under the OIA shows what IRD intends to do about it.
Inland Revenue has reported to ministers on plans to crack down on tax debt.
Inland Revenue is considering a tougher approach to phoenix companies as part of its crackdown on tax debt.
It is also working on a draft consultation paper proposing to tax shareholder loans as dividends if they are not repaid within two years of being made.
They are just two initiatives outlined in
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