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New Zealand: Government approved a $216 million package as part of its COVID Response and Recovery Fund (CRRF)

Description

On May 14th, 2020, the New Zealand government released its budget for 2020, which includes a $80 million (USD 48 million) tax relief initiative for businesses in the R&D sector. The key part of t...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 May 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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