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Inland Revenue

Tax Policy

PUBLISHED 1 March 2021

Introduction of a new business continuity test for tax losses

The Minister of Revenue has indicated his intention to introduce legislation to relax New Zealand’s loss continuity rules to allow businesses better access to capital. Inland Revenue has produced draft material to explain the purpose and design of the proposed rules. Legislation will be introduced in a supplementary order paper to the Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill later this month.

For more information see the set of questions and answers and the fact sheet.