OrbitaxOrbitax

New Zealand Issues Final Interpretation Statement on the Deductibility of COVID-19 Costs

|Approved Changes|New Zealand
New Zealand

New Zealand Inland Revenue has issued the final version of Interpretation Statement (IS) 22/01 regarding the deductibility of costs incurred due to COVID-19. The final statement is largely in line with the draft statement that was consulted on earlier, with some adjustments and added information. It is also noted that the statement applies to a business that is being carried on. For businesses…

Continue Reading