Tax Reforms Throw Cash Lifeline to SMEs

  • Apr 30, 2020 NZST
  • Team Kalkine
Tax Reforms Throw Cash Lifeline to SMEs

In government's bid to provide a cash flow lifeline to small businesses, tax changes are expected to be pushed through all stages in Parliament today on 30 April 2020.

As per Revenue Minister Stuart Nash, Covid-19 response bill gives enterprises over NZD 3 billion in tax refunds to deal with the economic impact of the pandemic.

Main highlights are:

  • Introducing tax loss carry-back regime.
  • Allow IR to change due dates.
  • Ensure pensions paid and treatment of benefits to kiwis stranded overseas.
  • Prevent farmers and those working with animals.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK