Thanks for everyone's attendance - here is the list of attendees
As mentioned in the presentation:
Here is a link to the IRD Q & A https://www.ird.govt.nz/roles/tax-agents/covid-19
This is the MSD/WINZ website regarding the wage subsidy https://www.workandincome.govt.nz/covid-19/wage-subsidy/obligations-and-repayments.html
nsaTax presentation handouts
Video of the presentation
Covid 19 Tax Measures
There will no doubt be more questions than answers as many of the tax measures and initiatives promoted have no supporting legislation. We will discuss the following initiatives based on the information we have.
• Carry back of tax losses
• Loss continuity rules
• Remission of interest and penalties
• Depreciation of commercial buildings
We will also identify other areas which have not been addressed that clients will be asking about such as residency and bright line issues.