Executive summary
In April 2020, the New Zealand Government announced a new suite of measures designed to provide further relief to businesses in response to the economic impact of COVID-19. This package is valued at NZ$3.2 billion (US$1.92 billion) and is in addition to the significant spending already announced.
The new package comprises both tax and non-tax measures. This Alert summarizes the tax measures, including a new tax loss carry-back scheme, proposed changes to the tax loss co…