Cash Flow has Started to Come to Businesses

  • May 13, 2020 NZST
  • Team Kalkine
Cash Flow has Started to Come to Businesses

Through the largest refund package in the history of modern New Zealand, millions of cash has begun flowing to businesses. The loss carry-back scheme witnessed hundreds of applications repaid by IRD in the first week.

  • These tax refunds are like a cash lifeline for businesses with non-wage fixed costs, like interest, rent and insurance;
  • In the first week, more than $62 million in tax refunds have been paid to 676 businesses who registered under the loss carry-back provisions;


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