New Zealand Announces Tax Initiatives to Support Businesses

New Zealand Inland Revenue has announced the Government's intention to proceed with two measures recommended by the Tax Working Group:

• allowing a deduction for feasibility expenditure for businesses, which includes that qualifying expenditure totaling less than NZD 10,000 is deductible immediately, with excess expenditure deductible over five years; and
• relaxing the loss continuity rules to make it easier for start-ups, which under current rules often breach the threshold under which they c…