In response to the resurgence of COVID-19 in the community and the moving of Auckland to Alert Level 3, the Government has announced an extension of the wage subsidy. The wage subsidy extension, referred to as the Resurgence Wage Subsidy (RWS), applies nationwide.
The criteria for the latest extension to the wage subsidy extension are:
The RWS only covers two weeks and businesses can apply to receive $1,171.60 for each full-time employee and $700 for part-time employees. Applications opened at 1 pm on Friday 21 August and will close on 3 September 2020.
As with the earlier wage subsidies, applications are made through the Ministry of Social Development website.
As mentioned above, the existing Wage Subsidy Extension (WSE) continues to be available until 1 September 2020 however, it’s important to note a business cannot be in receipt of the WSE and RWS at the same time.
If a business is already receiving the RWS it must ensure the period covered by the RWS has expired before it applies for the RWS. The WSE covers an eight-week period so, if you have not already applied for the WSE, you may wish to do so given it covers an eight-week period rather than the two-week period of the RWS, assuming you meet the eligibility criteria.
The other requirements that applied to the WSE also apply to the RSE. These include:
Should you need help with determining whether you are eligible for the RWS or WSE or need help with making an application, please contact your Crowe adviser or get in touch with the Tax Advisory team.
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