COVID-19 Current Support Measures

COVID-19 Support Payment

A new targeted COVID-19 Support Payment was announced on 21 February 2022. 

To be eligible you must have experienced at least a 40% drop in revenue as a result of one or more of the following circumstances:

- due to the widespread presence of COVID-19 in the NZ community
- due to legislative public health measures taken to reduce the spread of COVID-19
- any business circumstances as a consequence of the circumstances described above

To receive the first payment you will need to show revenue is 40% lower in a 7-day period any time from February 16 2022, compared to a typical week between 5 January and 15 February 2022. 

Each payment is $4,000 plus $400 for each full-time employee, up to 50 employees.

For further details, please click here.

Leave Support Scheme & Short-Term Absence Payment

These are available through Work & Income where employees have to self-isolate due to COVID-19 or while awaiting a test result. 

For further details, please click here.

Small Business Cashflow Loan Scheme (SBCS)

The base loan amount for the SBCS will be increased from $10,000 to $20,000.  Existing borrowers can apply for a top-up loan for the additional $10,000.

Applications for the Small Business Cashflow Loan Scheme (SBCS) are open until 31 December 2023.    

For further details on the SBCS and to apply, click here.

Business NZ COVID-19 Resources

The Business NZ website has a range of resources and updates regarding the impacts of COVID-19 on businesses.  You can find more information here

Budget 2021 Summary

IRD Due Dates Calendar for the 2022/23 Tax Year

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