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What is the Last Date to Apply Wage Subsidy

Round 2 of wage subsidy is still available until 01-09-2020. If you meet the criteria and have not already applied, then do apply for the wage subsidy. Round 3 of wage subsidy (Resurgence wage subsidy) is for 2 weeks of payment and is open till 03-09-2020. The criteria of Resurgence wage subsidy are very similar to previous one. The main criteria is a drop in revenue. A revenue drop of at least 40% because of COVID-19, for a 14 day period between 12 August to 10 September 2020, compared to a similar period in 2019. The scheme of wage subsidy is being administered by Work and Income Department.

 

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New Zealand Tax Accountant.