Tax Commentary

In requiring taxpayers to sign ‘agreed adjustment” forms, IRD staff continue to breach standards, including those published by Inland Revenue itself.

From our repeated experience, crucial IRD staff breaches are:

• issuing agreed adjustment forms when there is no agreement
• failing to disclose use of money interest, potential penalties, and even other tax types
• demanding the taxpayer to sign within a very short time
• using other coercive tactics to get taxpayers to sign away their rights
• We strongly recommend that before signing such a document you read the contents of this article and if in any doubt seek urgent expert advice.

Read on “IRD agreed adjustment forms – get advice before signing”

Chinese (traditional) translation: 税务部门审核调查

You are probably aware of greatly increased activity by Inland Revenue in auditing owner operated businesses which handle high proportion of cash transactions. Inland Revenue has received millions of dollars of extra funding in this area, and recovers many times that in extra tax collection.

Read on “IRD investigations”

English translation

税务部门审核调查

中文翻译

您可能注意到稅務局針對業主自營且現金交易佔較大份額的商家而進行的審計活動明顯增強。稅務局獲得了政府上百萬元的額外撥款以進行在這一領域的稅務審計，並因此而追討回幾倍于查稅開銷的稅款。

Read on “IRD investigations – Chinese (traditional) translation”

Chinese (traditional) translation: 中文翻译

IRD has an ongoing focus on recovering unpaid tax through review, investigation and audit of many business activities including property transactions and underreporting of cash sales and wages.  The article below was published in June 2011 but applies equally today (2016-06-09).

Read on “Tips for handling an IRD audit”

English version

應對稅務局審核的貼士

簡介

近年來，稅務局獲得政府大筆撥款以進行稅務調查和審計。前些年的目標是針對房地產交易，作為投入的回報，稅務局徵收的稅款和罰金是用在查稅上開銷的許多倍。
而近期稅務局集中精力關注所謂的“黑色”經濟 – 大多是那些由業主自營但缺乏強有效帳目管理的商家，尤其是那些現金交易佔比重較大的企業。這些商家的業主和僱員較有機會挪用現金而不申報納稅。
稅務局的這一查稅重點不無道理，無可厚非，但有時稅務局的工作人員在執行公務時方法太過生硬，缺乏成效。
本文旨在提供一些如何應對稅務局稽查的指引。

Read on “Tips for handling an IRD audit – Chinese (simplified) translation”

This section of our website sets out a number of issues that we often observe in respect of the way IRD manages audits and other communications with taxpayers.

The most recent development is our 5 May 2011 submission to the Minister and Commissioner of Inland Revenue, and an IRD response that in our view ducks nearly all the points we are making.

We will continue to pursue these matters in various forums.

Read on “Submission to IRD and Government re IRD Audit and Communications”