For the next two years, use of money interest (UOMI)
on late payment of tax will be waived for businesses
affected by the COVID-19 outbreak. The relief will apply
to interest on all tax payments (including provisional,
PAYE, and GST) due on or after 14 February 2020.
Source: PwC
Latest Posts in "New Zealand"
- New Zealand’s e-Invoicing Mandate: Transition, Compliance, and Benefits for Businesses and Government
- GST Ruling: Accommodation Supply in Commercial Dwelling and Input Tax Deductions Eligibility
- New Zealand Customs Updates GST Refund Process for Importers and Extends Application Period
- New Zealand Mandates E-Invoicing for Public Agencies by 2026 to Enhance Efficiency and Transparency
- The Future of e-Invoicing in New Zealand: Peppol, PINT A-NZ and the 2026 Electronic Invoicing Mandate
