COVID-19 Business and organisations

Many businesses and organisations will have changed the way they operate to respond to the challenge of COVID-19. There are new measures designed to help businesses and their employees deal with the COVID-19 outbreak. We want to help customers understand the tax implications of these changes.

Webinar - COVID-19 for small to medium businesses and organisatons

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COVID-19 Tax relief for donations of trading stock
New legislation ensures that donations of trading stock to approved donee organisations and public authorities will qualify for an income tax deduction.
Resurgence Support Payment The Resurgence Support Payment is for viable and ongoing businesses or organisations facing a reduction in revenue due to an alert level increase of 2 or higher.
Temporary loss carry-back scheme Businesses expecting to make a loss may be eligible to use the temporary loss carry-back scheme.
COVID-19 Income equalisation assistance for farmers, fishers and growers Farmers, fishers and growers may be able to make late deposits or request early refunds from the Income Equalisation scheme.
Employing staff Leave and wage subsidies, FBT home office allowances and KiwiSaver responses to COVID-19.
COVID-19 Small Business Cashflow Scheme (SBCS) Your business or organisation may be eligible for a loan from the Government.
Provisional tax Options for provisional tax during COVID-19.
Research and development tax credit
Financial help for research and developers who may be affected by COVID-19, including information on bringing forward the refundability rules.
Self-employed Information for self-employed customers about options available during COVID-19.
Specific GST issues Options for GST-registered customers in light of COVID-19 around GST registration, GST on cancelled supplies and GST adjustments for change-in-use asset use.
Specific income tax issues Answers to common income tax issues arising from COVID-19 such as beneficiary distributions, depreciation and low-value assets, insurance payouts, subvention payments and trading stock valuations.

KOWHEORI-19 Ngā pakihi me ngā whakahaere COVID-19 Business and organisations

COVID-19 Business and organisations