Covid -19  -  Greater Flexibility in respect of statutory tax deadlines


An amendment will introduce a discretionary power into the Tax Administration Act 1994 to allow IRD to provide an extension to due dates and time frames, or to modify procedural requirements set out in the Revenue Acts.

IRD will be given greater flexibility to modify time frames or procedural requirements for taxpayers who are impacted by COVID-19. 

This could include, for example, extending deadlines for filing tax returns and paying provisional and terminal tax.

At this stage, the power will be time-limited for a period of 18 months and will apply to businesses affected by COVID-19.


We are waiting for IRD to publish further guidance on the details of this in the coming weeks. 

 

 

 

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