Authors: Neil Russ
Published: 12 April 2021
Pages: 36

Introduction

This paper summarises current tax issues in New Zealand, with a focus on aspects of the policy response of the Government, Inland Revenue and Treasury to the impact of the COVID-19 pandemic in New Zealand.
As readers will be well aware, the pandemic is far from over, and the economic impact for New Zealand in the current year, and in future years, is uncertain. What is known is that the direct and indirect effects of COVID-19 in terms of business disruption and job losses has been and continues with each lockdown to be enormous, and that the level of Government spending to cope with the immediate impact of the pandemic and to position the economy for recovery, are unprecedented. The need for a timely and effective response from key stakeholders, often in near-real-time, has also been unprecedented.

Content outline

• Tax issues
• Tax & AML/CFT Issues