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.
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.
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 Making payments to Inland Revenue
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
Other COVID-19 business updates
COVID-19 Tax relief for donations of trading stock
Income equalisation assistance for farmers fishers and growers