Monthly Archives July 2015

IRD Issues More Refunds

July 6, 2015 New Zealand Taxation

The IRD has issued almost NZD 50 million mre in tax refunds this year compared to last year.

Last week the Inland revenue Department issued a new statement providing details on the increasing number of taxpayers who are opting to use the IRD’s online services, and, subsequently, leading to a greater number of tax returns being issued.

As at June 28th the Inland Revenue Department issued 89 550 more tax refunds for the 2015 season, compared to the number of refunds issued during the same period in 2014.

The increased number of refunds accounts for NZD 49 077 610 in refunds being paid out.

The IRD has attributed the rising number of applicants for tax refunds down to a new awareness and education campaign.

The advertising has had a disproportionately positive effect, as the production of...

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