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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.

COVID-19 support schemes

The government announced several schemes to support businesses and organisations impacted by COVID-19.

COVID-19 Support Payment

The COVID-19 Support Payment (CSP) was for viable and ongoing businesses or organisations facing a reduction in revenue due to COVID-19 circumstances.

COVID-19 Support Payment 

Temporary loss carry-back scheme

Businesses expecting to make a loss may be eligible to use the temporary loss carry-back scheme.

Temporary loss carry-back scheme

Small Business Cashflow Scheme

Your business or organisation may be eligible for a loan from the Government.

Small Business Cashflow Scheme

Resurgence Support Scheme

The Resurgence Support Payment was for viable and ongoing businesses or organisations facing a reduction in revenue due to an alert level increase of 2 or higher.

Resurgence Support Payment

Managing tax

Assistance may be available if your business is having difficulties because of COVID-19.

Paying tax

If you’re unable to pay your taxes on time due to the impact of COVID-19, we can help.

COVID-19 Difficulty in paying tax

COVID-19 Making payments to Inland Revenue

Penalties and interest

In response to the outbreak of COVID-19, we acknowledge that many customers will be coming under increasing financial pressure to pay their taxes in full and on time.

Penalties and interest

Claiming deductions

If your business has downscaled or stopped operating due to COVID-19, you may be able to claim GST and income tax deductions for expenses and losses.

Claiming deductions when your business is disrupted by COVID-19

Requesting financial relief

If your ability to pay tax on time has been impacted by COVID-19, you can submit a request for remission of penalties and interest through myIR.

Requesting financial relief

Other COVID-19 business updates

COVID-19 Tax relief for donations of trading stock

Income equalisation assistance for farmers fishers and growers

Last updated: 12 Jul 2021
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