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General Business
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Covid grace period on overdue tax at an end

Numbers of business failures are set to rise as IRD takes action against firms that have let debts mount.

Maria Slade Thu, 18 Feb 2021

Inland Revenue has taken the gloves off and is stepping up enforcement action against businesses that have not paid their tax.

In April last year, the IRD was given temporary discretionary powers to be flexible with firms struggling to meet tax deadlines because of Covid-19.

During this time,

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Contact the Writer: maria@nbr.co.nz
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Covid grace period on overdue tax at an end
General Business,
86380
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