New Zealand Publishes Draft Interpretation Statement on New business Continuity Test for Loss Carry-Forward for Further Consultation
New Zealand Inland Revenue has published a revised draft Interpretation Statement for further (re)consultation that provides guidance on how the main aspects of the new business continuity test apply for loss carry-forwards. As previously reported, the business continuity test was introduced as part of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2…
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