IRD Tax relief - Coronavirus COVID-19
The Coronavirus in Wuhan has affected more people than the people in Wuhan or in China, my family in Beijing spending most of their time inside, I really want to help so I created a yoga video for my nieces to do yoga and learn a few English words with me. If anyone else interest can follow the link see the video. Many people in New Zealand has got affected by it too, maybe the delay of supply or reducing number of customers. IRD has provide some tax relief which might help you.
Tax relief and income assistance is available to people affected by the downturn in business due to the Coronavirus COVID-19. IRD has a range of ways to help depending on your circumstances.
Provisional tax estimates
You may be able to make an estimate or re-estimate of provisional tax, if your circumstances have changed due to the coronavirus. IRD can arrange early refunds if provisional tax has been overpaid.
Unable to pay your tax
If you're having difficulty paying outstanding tax, IRD can help you set up an installment arrangement. You can apply in myIR.
You can also apply for a write-off due to serious hardship when you know you won't be able to pay the full amount.
If we grant relief from payment due to hardship and you have losses to carry forward, these losses will be reduced in proportion to the amount written off.
Late filing and late payment
Extensions to filing dates for some income tax returns may be available. Extensions can't be granted for GST and PAYE returns, but any penalties for late filing may be remitted. Under limited circumstances penalties for late payments incurred due to the effects of the coronavirus may also be remitted.
Certificate of exemption
If you're currently involved in contract work where scheduler payments are to be deducted, such as forestry or bush work of all kinds, fishing boat work for profit-share, you may be entitled to a certificate of exemption.
Tailored tax codes
You may be entitled to a tailored tax code if you're receiving a salary or wage and have a loss to carry forward. A certificate will be issued to you with a reduced tax rate.
Child support
If you have trouble making child support payments by due dates you should call us. It may be appropriate to re-estimate your income and reduce the assessment.
Working for Families Tax Credits
Working for Families Tax Credits entitlements are based on your yearly family income. If your family income changes, your entitlement may change.
If your yearly family income decreases you may be entitled to increased payments, or you may be able to increase the frequency of your payments.
Paid parental leave
You're eligible if:
your baby is expected or born, or
you become the primary carer for a child under six on or after 1 April 2016.
You'll need to have worked an average of at least 10 hours per week for any 26 of the 52 weeks immediately before the date the child comes into your care.
IRD’s Link below
https://www.ird.govt.nz/covid19?fbclid=IwAR2RZJlIQ-9V9_eGejrs49Mkiq-N-PDsPdOxW5q_CDjNDXCcEKuW0TNR2ec
