Tax relief for COVID-19 affected businesses

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Various forms of tax relief are available to businesses affected by the COVID-19 pandemic.

These are additional to the Wage Subsidy and Leave Payments described here.

If your business is struggling to pay tax you may qualify for instalment payment or a tax write-off. You can apply for an instalment arrangement online through MyIR here.

Other options are also available including re-estimating provisional tax to reflect the current situation. Under limited circumstances penalties for late payments incurred due to COVID-19 may also be remitted.

Talk to your accountant

For more information on tax relief and credit, talk to your accountant or tax advisor. You can call Inland Revenue’s Adverse Events line on 0800 473 566.

Useful links

Check out Inland Revenue’s website here for up-to-date information

 

24-Mar-2020

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