Inland Revenue Department (New Zealand)
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The Inland Revenue Department (Te Tari Taake in Maori) is one of the New Zealand government departments which is responsible for the collection of certain taxes, payment of some family benefits (See Working for Families), payment of Paid Parental Leave, collection and payment of child support and the collection of student loans.
The Inland Revenue Department is part of the portfolio of the Minister of Revenue Hon Peter Dunne[1].
As at 30 June 2006, Inland Revenue employs over 5,358 full time equivalent staff in 17 cities across New Zealand[2].
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[edit] History
Inland Revenue started out as the Land Tax Department in 1878. The department was renamed the Land and Income Tax Department in 1892 with the central office set up in Wellington.
It wasn't until 1952, when the organisation joined with the Stamp Duties Department, that the organisation came to be known as the Inland Revenue Department.
[edit] Acts and Regulations Administered
Inland Revenue administers the following Acts:
- Tax Administration Act 1994
- Tax Administration Amendment Act 1995, 1996, (No.2) 1995, (No.3) 1995 (No.2) 1996
- Taxation (Annual Rates of Income Tax 1996/97) Act 1996
- Taxation (Core Provisions) Act 1996
- Taxation (Remedial Provisions) Act 1996
- Taxation (Superannuitant Surcharge Reduction) Act 1996
- Taxation Acts Repeal Act 1986
- Taxation Review Authorities Act 1994
- Taxation Review Authorities Amendment Act 1996
- Income Tax (Annual) Act 1991
- Income Tax Act 1976
- Income Tax Act 1976 Amendment Act (No. 2) 1995, (No. 2) 1996, (No. 3) 1995, 1996
- Income Tax Act 1994, (No.2)1995, (No.2) 1996, (No.3) 1995, (No.3) 1996, (No.4) 1995, (No.5) 1995, (No.6) 1995, 1995, 1996
- Income Tax Amendment Act (No. 2) 1983, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994
- Income Tax Amendment Act (No. 3) 1983, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993
- Income Tax Amendment Act (No. 4) 1985, 1986, 1988, 1989, 1991, 1992, 1993
- Income Tax Amendment Act (No. 5) 1988, 1991, 1992
- Income Tax Amendment Act (No. 6) 1991
- Income Tax Amendment Act 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994
- Inland Revenue Department Act 1974
- Inland Revenue Department Amendment Act (No. 2) 1988, 1991, 1993, 1994
- Inland Revenue Department Act (No. 3) 1991
- Inland Revenue Department Amendment Act 1988, 1989, 1990, 1991, 1992, 1993, 1994
- Child Support Act 1991
- Child Support Amendment Act 1992, 1993, 1994, 1996, 1999, 2001
- Gaming Duties Act 1971
- Gaming Duties Amendment Act 1991, 1992, 1995, 1996
- Goods and Services Tax Act 1985
- Goods and Services Tax Amendment Act (No. 2)1995, 1987, 1988, 1989, 1990, 1991, 1992 1993
- Goods and Services Tax Amendment Act (No. 3) 1988, 1991, 1995
- Goods and Services Tax Amendment Act (No. 4) 1995
- Goods and Services Tax Amendment Act 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996
- Estate and Gift Duties Act 1968
- Estate and Gift Duties Amendment Act (No. 2) 1986, 1989, 1992
- Estate and Gift Duties Amendment Act 1977, 1978, 1979, 1980, 1982, 1983, 1986, 1987, 1989, 1990, 1992, 1993, 1994, 1995, 1996
- Stamp and Cheque Duties Act 1971
- Stamp and Cheque Duties Amendment Act (No. 2) 1988, 1991, 1992, 1994
- Stamp and Cheque Duties Amendment Act 1988, 1989, 1991, 1992, 1993, 1994, 1995, 1996
- Student Loan Scheme Act 1992
- Student Loan Scheme Amendment Act (No. 2) 1993
- Student Loan Scheme Amendment Act 1993, 1995, 1996
- Unclaimed Money Act 1971, 1988, 1990
Inland Revenue administers the following regulations:
- Co-operative Dairy Companies Income Tax Regulations 1955
- Co-operative Milk Marketing Companies Income Tax Regulations 1960
- Co-operative Pig Marketing Companies Income Tax Regulations 1964
- The Administration (Form of Warrant) Regulations 1995
- The Tax Administration (Binding Rulings) Regulations 1995
- The Taxation Review Authority Regulations 1994
- The Income Tax (Withholding Payments) Regulations 1979
- The Income Tax (Determinations) Regulations 1987
- The Income Tax (Foreign Investment Fund Determinations) Regulations 1989
- The Income Tax (Fringe Benefit Tax, Interest of Loans) Regulations 1995
- The Income Tax (Calculation of Interest on Fringe Benefit Tax) Regulations 1993
- The Student Loan Scheme (Interest Rates) Regulations 1995
- The Income Tax (Adverse Event Income Equalisation Scheme Rate of Interest) Regulations 1995
- The Income Tax (Deemed Rate of Return) Regulations 1993,1994,1995
- The Income Tax (Provisional Tax Interest Rates) Regulations 1995
- The Income Tax (Depreciation Determinations) Regulations 1993
- The Student Loan (Repayment Threshold) Regulations 1995
[edit] Performance 2005-2006
Inland Revenue collects approximately 85% of government revenue.
In the 2005-2006 Inland Revenue:
- Assessed $46.8 billion in revenue
- Collected $341 million in Child Support
- Collected $499 million in Student Loan repayments
- Distributed $839 million in family assistance
- Distributed $101 million in paid parental leave
- Collected $1.8 billion of debt
- Assessed $980 million as a result of audits
- Received 7.7 million returns and processed 7.7 million payments
