New Zealand will remove two types of taxes from its citizens at the end of this month ، New Zealand removes two types of taxes from its citizens .
New Zealand removes two types of taxes ، Today, the New Zealand government has removed two types of taxes to support local businesses in order to achieve more productive, sustainable and inclusive development.
As part of the release of the government's economic plan, Treasury Secretary Grant Robertson and Small Business and Revenue Secretary Stuart Nash announced today (Monday) the removal of two barriers to expansion businesses faced.
"Nowadays, the costs associated with figuring out whether to invest in new assets or business models are often non-deductible for tax purposes," Robertson said. "Business owners tell us that this can deter them from spending money on finding better ways to do things." .
New Zealand removes two types of taxes ، "We are changing this so that companies can deduct 'feasibility expenses' from their tax bills, including projects that are not going forward," Robertson added.
This measure will be included in the tax bill that will be presented to Parliament early next year, which means that the change can start from the beginning of the next tax year.
The second proposal announced today (Monday) will change New Zealand's "loss continuity rules" to make it easier for start-ups to attract investment and get started.
New Zealand removes two types of taxes ، Under the rules currently in place, a company experiencing a loss for a year can use that loss to reduce its future taxable income, but the rules don't work well for startups trying to attract new investment.
The changes announced today (Monday) as part of the government's economic plan build on initiatives already announced.