{"id":777014001,"date":"2024-03-15T08:19:38","date_gmt":"2024-03-15T11:19:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014001"},"modified":"2026-04-22T11:59:28","modified_gmt":"2026-04-22T14:59:28","slug":"new-zealand-ird-estimates-lower-revenue-from-online-gambling-tax-plan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/new-zealand-ird-estimates-lower-revenue-from-online-gambling-tax-plan","title":{"rendered":"New Zealand IRD estimates lower revenue from online gambling tax plan"},"content":{"rendered":"\n<p>The Inland Revenue Department anticipates revenue of NZ$35m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>New Zealand.- The government had said its plans to <strong>raise revenue from online gambling by closing tax loopholes<\/strong> should net NZ$176m a year, but the <strong>Inland Revenue Department (IRD)<\/strong> has estimated a lower haul of NZ$35m (US$21.5m) per year, rising 5 per cent annually over four years.<\/p>\n\n\n\n<p>According to the New Zealand Herald, finance minister\u00a0<strong>Nicola Willis\u00a0<\/strong>acknowledged that the figures were lower than anticipated but said that authorities are considering implementing a new regulatory regime for online gambling, which would raise the amount of revenue to NZ$193m over the period. <\/p>\n\n\n\n<p>The regime would require online gambling operators to register and report their earnings. It has been suggested that those that do not comply will be subject to IP geoblocking.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a href=\"https:\/\/focusgn.com\/asia-pacific\/calls-for-ban-on-greyhound-racing-in-new-zealand-after-deaths\" target=\"_blank\" rel=\"noreferrer noopener\">Calls for ban on greyhound racing in New Zealand after deaths<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Inland Revenue Department anticipates revenue of NZ$35m.<\/p>\n","protected":false},"author":176,"featured_media":777011926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"New Zealand's Inland Revenue Department has significantly lowered its annual online gambling tax revenue projection to NZ$35m, down from an initial NZ$176m. Finance Minister Nicola Willis acknowledged the shortfall but indicated a new regulatory regime is under consideration, which would require operator registration and reporting, aiming to raise NZ$193m over four years, with non-compliant entities facing IP geoblocking.","focusai_entities":"Inland Revenue Department, Nicola Willis, New Zealand Herald","focusai_location":"New Zealand","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Framework Details?","query":"What specific B2C licensing requirements, governance frameworks, and responsible gambling provisions are anticipated within the proposed new regulatory regime for online gambling in New Zealand?"},{"label":"Geoblocking Efficacy?","query":"What technical and legal challenges are foreseen in implementing and enforcing IP geoblocking as a compliance mechanism against non-registered online gambling operators, and what precedent does this set for other jurisdictions?"}],"footnotes":""},"categories":[16336,163],"tags":[229],"class_list":["post-777014001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014001"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014001\/revisions"}],"predecessor-version":[{"id":777014028,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014001\/revisions\/777014028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}