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Inland Revenue Grants Tax Relief For Short-Term Rental Providers

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Short-term accommodation providers, like Airbnb and Bookabach, now qualify for a COVID-19 tax break from the Inland Revenue Department (IRD). To be eligible for this tax exemption, short-term rental providers must have registered for GST and be forced into closure due the novel coronavirus pandemic. In addition, they must also…

Tax Hikes Likely Coming, Experts Say

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With the general election coming in September, Prime Minister Jacinda Ardern and new National Party leader Judith Collins have both been rather quiet on the subject of tax increases. But economist Cameron Bagrie says that New Zealanders should not expect tax cuts, as the coronavirus crisis has forced the government…

New Charter to Regulate the Use of Data in Algorithms

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Statistics New Zealand has begun using an Algorithm Charter for Aotearoa New Zealand that guarantees the secure use of New Zealanders’ personal data by public agencies. This measure, which regulates the use of data and analytics, comes in response to suggestions made within the Algorithm Assessment Report in 2018. The…

Economy Expected to Perform Relatively Strongly in the Wake of COVID-19

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According to S&P Global, New Zealand is expected to recover from the economic strains of COVID-19 in a better position than most countries in the Asia-Pacific region and around the world. Due to New Zealand’s exceptional pandemic management and well-targeted economic stimulus, the global recession is expected to cause less…

New Zealand Announces Small Business Cash Flow Loan Scheme

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The government has introduced the Small Business Cash Flow Loan Scheme (SBCS) to assist businesses as the country re-opens. Even though most businesses can now operate as normal, many still face an uncertain future, and the SBCS is meant to ensure they can continue to operate. The scheme will be…