This page shows overdue tax debt by product, tax debt by age of debt, and tax debt by customer type, as at the end of each quarter.
This data is provided through an Excel file located at the bottom of this page.
Inland Revenue has made technical adjustments to the definitions of overdue tax debt for the 2024 financial year. During 2024, $867 million was reclassified as overdue debt. Excluding this reclassified debt, the increase from 2023 to 2024 was $1.28 billion. For more information, please refer to page 23 of the Inland Revenue Annual Report 2024.
Total amount of tax debt by product as at the end of each quarter
This graph shows the amount of debt at each quarter, split by product and number of customers with debt up to 30 June 2024.
As at 30 June 2024:
- Tax debt for income tax (individuals) increased from $1.5 billion in June 2023 to $2.0 billion in June 2024.
- Tax debt for income tax (non-individuals) increased from $0.7 billion in June 2023 to $1.1 billion in June 2024.
- Tax debt for GST increased from $2.2 billion in June 2023 to $2.8 billion in June 2024.
- Tax debt for employer activities increased from $1.0 billion in June 2023 to $1.5 billion in June 2024.
- Tax debt for Working for Families tax credits increased from $245.6 million in June 2023 to $273.5 million in June 2024.
- Tax debt for other tax increased from $153.9 million in June 2023 to $175.7 million in June 2024.
- The number of customers with debt decreased from 524 thousand in June 2023 to 512 thousand in June 2024.
- Total tax debt across all tax types increased from $5.8 billion in June 2023 to $7.9 billion in June 2024.
Notes:
- The rise and fall of the number of customers with tax debt coincides with key filing dates.
- How IR mitigates debt growth is covered in IR’s annual reports.
- Data is taken as at the last day of the month specified.
- Tax debt excludes child support, student loans, Covid-19 relief products, and cost of living payments.
- In 2020 there was a significant upgrade to our systems which changed the way debt was reported. The number of customers with tax debt is only available from September 2020 onwards.
Total amount of tax debt by age of debt as at the end of each quarter
This graph shows the amount of debt, split by age of debt (under two years and over two years), up to 30 June 2024.
As at 30 June 2024:
- Tax debt over two years old has increased from $2.7 billion in June 2023 to $3.5 billion in June 2024.
- Tax debt under two years old has increased from $3.1 billion in June 2023 to $4.4 billion in June 2024.
Notes:
- Data is taken as at the last day of the month specified.
- Tax debt excludes child support, student loans, Covid-19 relief products, and cost of living payments.
Total amount of tax debt by customer type as at the end of each quarter
This graph shows the amount of tax debt owed by customers, split by customer type, up to 30 June 2024.
As at 30 June 2024:
- Tax debt for companies has increased from $3.4 billion in June 2023 to $4.8 billion in June 2024.
- Tax debt for individuals has increased from $2.1 billion in June 2023 to $2.8 billion in June 2024.
- Tax debt for other entities has increased from $347.7 million in June 2023 to $396.7 million in June 2024.
Notes:
- Data is taken as at the last day of the month specified.
- Tax debt excludes child support, student loans, COVID-19 relief products, and cost of living payments.
- Other entities are all customers that are not individuals or companies. This includes embassies, high commissions, holding accounts, government entities, Māori authorities, partnerships, societies/clubs, superannuation scheme providers, trusts, and unit trusts.