This was an article on Stuff yesterday – https://www.stuff.co.nz/national/health/coronavirus/120718939/coronavirus-workers-rights-and-wage-subsidy-questions-answered?cid=app-android It is well worth a read as it answers a number of frequently asked questions.
Tag: Wage Subsidy
Covid19 – Information from IRD re Tax Implications of the Wage Subsidy
Your COVID-19 questions Please ensure you keep up to date with clarification about the changes we are implementing to respond to the COVID-19 event please review all information here Large employers with questions about accessing the wage subsidy should visit: https://www.workandincome.govt.nz/products/a-z-benefits/covid-19-largeemployers.html Wage and Leave Subsidies Inland Revenue would strongly encourage employers to pass the wage […]
Covid19 – My pay is normally less than $350 per week
If you have part-time staff that normally get paid less than $350 dollars a week, then all you pay each week is their normal pay at 100%. For example, John works part-time and earns only $200 per week. You have received $350 in subsidy for him but in this case, you would pay John $200 […]
Covid19 – Recent Communication from the MSD
Please see below the latest communication from the Ministry of Social Development regarding the Leave and Wage Subsidy Payments. Also, note they have a specific e-mail address for queries regarding the Subsidies – RRT_Canty@msd.govt.nz It would be really good if you could pass on any information you source from them regarding the Subsidy Payments. MSD […]
Covid19 – Leave & Wage Subsidy
Last week the Government announced two Subsidies to assist companies during these uncertain times. They come into force from March 17th, 2020. Full details can be found in the attached factsheet – wage-subsidy-and-leave-payment-employer-support-factsheet, additionally more current information can be found at – https://www.employment.govt.nz/about/news-and-updates/workplace-response-coronavirus-covid-19/ The important thing to note regarding these payments is they are Taxable […]