A deep recession in New Zealand now looks inevitable. COVID-19 is already having a significant impact on our tourism and air travel sectors, and making the right decision at the right time has never been more important.
April 09, 2020
On 17 March 2020, the Government announced a package of measures to support businesses through the impact of COVID-19. One of the measures introduced was the reintroduction of tax depreciation on commercial and industrial buildings.
April 08, 2020
Since first being introduced on 17 March 2020, the Wage Subsidy Scheme has undergone a number of transformations and refinements. In this article, we summarise the key features of the Wage Subsidy Scheme and the newly introduced Essential Workers Leave Support Scheme.
April 07, 2020
The recently enacted COVID-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020 allows for broader refundability of R&D tax credits for loss making businesses conducting R&D.
April 07, 2020
The COVID-19 Level 4 Alert lockdown has caused uncertainty in many areas of tax, including the taxation and tax residency of individuals who are now highly restricted in their ability to travel internationally to and from New Zealand.
April 07, 2020
As a result of the lockdown measures the Government has put in place to fight the battle against COVID-19, there are a number of issues arising due to a significant proportion of employees now either working from home or unable to work due to the Alert Level 4 lockdown.
April 07, 2020