Charles Ronaldson tagged posts
September 25, 2010 New Zealand Taxation
The Inland Revenue Department’s three year long payment holiday for overseas based student-loan holders has come to an end.
On September 24th the Inland Revenue Department (IRD) issued a statement reminding overseas student loan holders that their repayment holidays have expired and that their first payment is due this month.
The repayment holiday was originally started in 2007, as a means to grant a reprieve from payments to student loan holders who are working overseas. The program was initiated concurrently with an amnesty to borrowers whose accounts were in debt.
The IRD has already sent out letters to a significant proportion of student loan holders, updating them on their payment obligations...Read More
August 31, 2009 New Zealand Taxation
The Inland Revenue Department has upgraded their online systems, allowing for online tax summaries confirmation and quicker tax refunds.
The Inland Revenue Department (IRD) has completed an overhaul on their available online services, expanding the range of services provided and decreasing tax refund wait time.
The IRD has previously mandated that any tax refunds due that were valued at over NZ$200 would require confirmation over the phone. This task can now be completed online, along with assigning bank accounts for the refunds. According to the IRD, the 2008 business year saw over one million letters sent out for personal tax refunds. Their online innovation is aimed directly at reducing redundancy within this cycle.
Commenting on the change, Charles Ronaldson, Inland Revenue Group Manag...Read More