A 3rd payment under the RSP scheme is available to eligible businesses and organisations which experience a 30% decline in revenue due to the increased alert levels, for the period starting 1 October 2021 and ending immediately before all areas of New Zealand return to alert level 1.
Applications for this payment opened on 8 October.
How much eligible businesses and organisations can apply for
When the RSP is activated, eligible businesses and organisations can apply to receive the lesser of:
$1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs
four times (4x) the actual revenue decline experienced by the applicant.
Receiving payments and tax obligations
Payments received under the RSP are not subject to income tax.
Expenditure funded by payments under the RSP is not deductible. GST-registered businesses will return GST on payments received under the RSP. These businesses will be able to claim input tax deductions for expenditure funded by payments under the RSP. The payment must be used to cover business expenses such as wages and fixed costs.
For more information go to: https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment
