Inland Revenue’s online calculator remains offline weeks after its removal for “giving incorrect information”

An online Inland Revenue calculator remains offline for nearly a month after being removed from the agency’s website.

At the beginning of July, the IRD removed the foreign investment fund calculator because it “gave incorrect information about rapid asset sales.” This meant that people weren’t able to use the calculator to calculate their Fair Dividend Rate (FDR).

At the time, the IRD said that a fix was being developed. But almost a month later, the calculator remains offline.

“Inland Revenue is developing and testing a fix for the FDR calculator and it will be back online once this work is completed. In the meantime, we would like customers to contact us if they need any help,” IRD said. .

Concerns have been expressed about the impact of removing the calculator days before the annual tax filing deadline of July 7, but the IRD says “no customer will be at a disadvantage.”

“The late filing penalties will not be applied to people who cannot deposit because the calculator is offline. They should contact us to let us know that is the reason they did not deposit.”

A banner at the top of the IRD website alerts users that the calculator is “not working properly” and has been removed. It also provides a link informing users how to contact the service.

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