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<p>Guidance on recent COVID-19-related legislation <a href="https://www.taxtechnical.ird.govt.nz/new-legislation/act-articles/public-2020-no-8-and-no-10">is now available</a>. It covers the loss carry-back scheme, administrative flexibility for Inland Revenue, the Small Business Cashflow Scheme, and the tax treatment of payments to New Zealanders stranded overseas.</p>

<p>The changes were included in the <a href="http://www.legislation.govt.nz/act/public/2020/0010/latest/whole.html">COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Act 2020</a> (enacted on 30 April 2020) and the <a href="http://www.legislation.govt.nz/act/public/2020/0013/latest/contents.html">COVID-19 Response (Further Management Measures) Legislation Act 2020</a> (enacted on 15 May 2020).</p>

<p>The guidance will be published in the August 2020 edition of the <em>Tax Information Bulletin</em>.</p>

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