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New Zealand announces significant COVID-19 Business Continuity Package

|Tax Alerts, Legislation & Policy, Na ...|New Zealand
New Zealand

Executive summary

On 17 March 2020, in response to the economic impact of COVID-19, the New Zealand Government released its NZ$12.1 billion (US$6.8 billion) Business Continuity Package (the Package). The Package is significant, representing 4% of New Zealand’s GDP.1

The measures announced will provide financial relief to both businesses through tax measures, and at-risk employees through a…

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