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New Zealand Announces Small Business Cash Flow Loan Scheme

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The government has introduced the Small Business Cash Flow Loan Scheme (SBCS) to assist businesses as the country re-opens. Even though most businesses can now operate as normal, many still face an uncertain future, and the SBCS is meant to ensure they can continue to operate. The scheme will be…

New Email Scam Circulating in New Zealand

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Fraudulent emails claiming to be from the Inland Revenue Department and stating that the receiver is entitled to a tax refund have been circulating to New Zealanders’ inboxes. The emails have a similar layout to official IRD emails and also contain the IRD logo, making them appear legitimate at first…

IRD No Longer Accepting Cheques

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As of March 1st 2020, the Inland Revenue Department stopped accepting cheques. The decision was taken after Kiwibank, New Zealand Post, and the Accident Compensation Corporation took the same step. According to spokesperson Sharon Thompson, the IRD is becoming more digital in its operations and a majority of its customers…

OneCoin Cryptocurrency Investigation Reaches Second Auckland Church

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The Samoa Worship Centre in Auckland is being investigated by the Department of Internal Affairs for crimes related to cryptocurrency fraud. This is the second church to have alleged ties to a multi-billion dollar scam involving the OneCoin cryptocurrency. US authorities have also charged a OneCoin leader with fraud. Experts…

New Tax Law for Employee Travel

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Starting April 1 this year, the Inland Revenue Department will apply a new tax law for employee travel. This law simplifies the tax rules with regard to employees travelling long distances or to multiple locations for business reasons. The IRD noted that tax rules covering employee travel have up to…