Breaking news – NZ Govt’s response for Small and Medium-sized businesses (SMEs)

 

The New Zealand Govt’s response:  Relief package for small and medium-sized businesses (SMEs).

The new measures include:

  • $3.1 billion tax loss carry-back scheme (estimated cost over the next two years)
  • $60 million estimated annual savings to business each year from changes to the tax loss continuity rules
  • $25 million in the next 12 months for further business consultancy support
  • Greater flexibility for affected businesses affected to meet their tax obligations
  • Measures to support commercial tenants and landlords

Please click here:     https://www.beehive.govt.nz/release/government-backs-business-through-covid-19

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