New Zealand Law
Have New Zealand Law Questions? Ask a Lawyer Online.
There are a number of possible outcomes, including tax penalties and even criminal charges. If they have good evidence of the evasion, then you should come clean and cooperate, on the basis that you want to do a deal. The offer would be full cooperation, payment of the extra tax, and an agreement that IRD will accept this and not take the matter any further. You have stated they are looking at a risk review. Do you mean they are auditing your tax and assets ?