Tax implications of Covid-19 Response Measures Bill

Tax implications of Covid-19 Response Measures Bill

Auckland, April 5, 2020 The Government of New Zealand passed the COVID-19 Response: Taxation and Social Assistance Urgent Measures Bill to deal with the economic turmoil created by COVID-19. This Bill provides immediate response and relief to struggling businesses and individuals.  The targeted measures aimed at providing relief to those that have been economically affected by the COVID-19 outbreak. Bringing…

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Experts ready to advice on Covid-19 business challenges

Experts ready to advice on Covid-19 business challenges

Webinar on Wednesday, April 8, 2020 at 4 pm Venkat Raman Auckland, April 5, 2020 Obligations of employers, ways and means of harnessing technology, adopting cost-effective measures and proper utilisation of the incentives offered by the government are some of the issues that will be discussed at a free webinar this week. An initiative of Vino Ramayah, Executive Chairman and…

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Singapore announces lockdown measures for one month

Singapore announces lockdown measures for one month

‘Circuit Breaker’ comes into effect on April 7, 2020 Venkat Raman Auckland, April 4, 2020 Singapore Prime Minister Lee Hsien Loong has announced a virtual lockdown of the City-State for one month effective, Tuesday, April 7, 2020. He called it ‘Applying a Circuit Breaker.’ A long list of essential services has been published- these include food establishments, supermarkets, commercial banks,…

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Temporary accommodation for needy travellers and residents

Temporary accommodation for needy travellers and residents

Venkat Raman Auckland, April 4, 2020 The New Zealand government is providing accommodation for self-isolation to foreign travellers and residents affected by the Covid-10 pandemic. ‘Temporary Accommodation Service’ (TAS) is a facility established within the Ministry of Business, Innovation and Employment (MBIE) to provide temporary accommodation those in need. The service is provided in conjunction with other government agencies at…

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Safe Harbour for directors, debt postponement for businesses

Safe Harbour for directors, debt postponement for businesses

Wellington, April 3, 2020 The government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include (a) Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency duties under the Companies Act,…

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