Covid 19 response – business cashflow and tax measures
The NZ Government has acted swiftly to support businesses with some measures and tax changes aimed at helping business hold onto some tax money to meet ongoing business expenses and also encourage further spending to keep the economy moving. They have done so by:- Remission of interest Allowing Inland Revenue to remit use-of-money interest (UOMI) for customers significantly affected by Covid 19. This will primarily assist taxpayers with payments due… Read more