Quake Victims Receive Penalty Waiver

September 17, 2010 New Zealand Taxation

Cathedral SquareTax payers affected by the recent earthquake in the South Island are set to receive some relief in regards to their tax matters, with the Inland Revenue Department offering concessions on late payments.

While the Christchurch office of the Inland Revenue Department (IRD) is already operational, the Government has conceded that those struck by the earthquake in Christchurch have more important concerns than their current tax matters. Consequently, on September 14th Peter Dunne, Revenue Minister of New Zealand, announced that the “use of money” interest that is levied on late tax payments could be waived for people affected by the emergency.

According to Peter Dunne, the exemption is the IRD’s way of recognizing that some tax payers are facing circumstances that are completely beyond their control. He elaborated, saying “For instance they may have been unable to get into their buildings or records have been destroyed, or it might be that personal circumstances prevented them from paying on time.”

The IRD has also created a telephone helpline for individuals affected by the earthquake, which can be reached on 0800 473 566.

Photo by AdamSelwood