Businesses and individuals are moving rapidly into online spaces and adopting new technology. Long lunches and coffees with colleagues have been replaced or at least augmented by Zoom and other online meetings, DM and other instant messaging, and a new reality free from traditional constraints of face-to-face meetings and physical offices.
In case you thought otherwise, IRD has kept up with the pace of change too.
There is a wealth of information available to IRD to assist with ensuring compliance with New Zealand rules, and it seems IRD are on track to make the most of it.
We have written previously in respect of IRD using data matching to identify New Zealand property transactions and suggesting (rightly or wrongly) that they should be taxable.
However, IRD is increasingly sourcing information from overseas and matching that against the information they hold here in New Zealand.