IRD Gives Helping Hand

June 11, 2009 New Zealand FinanceNew Zealand Taxation  No comments

The Inland Revenue Department has released information on the compliance areas it will be focusing on this year.

The Inland Revenue Department (IRD) has released what it has titled “Helping You Get it Right: Inland Revenue’s compliance focus 2009-10”. This document, claimed by the IRD to be the first of its nature for the IRD, is aimed at creating a more transparent atmosphere for tax payers, in regards to compliance.

The Commissioner of Inland Revenue, Robert Russell has stated that while most tax payers are compliant with regulations, some still struggle, for whatever reasons. In the current economic downturn, with its subsequent extra pressures, this document is aimed at providing people with extra assistance.

The document can be viewed on the IRD website, here.