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New Plymouth businesses largely support 'investment boost' package

The boost allows the deduction of 20 percent of the cost of new assets on top of normal depreciation.
The New Plymouth business community has largely welcomed the government's $6 billion investment boost package aimed at supporting businesses affected by the economic downturn. The package includes a mix of grants, loans, and tax relief measures designed to help businesses survive and recover. Local business owners expressed optimism about the potential benefits, with many indicating that the financial support would help them retain staff and maintain operations during challenging times. However, some business leaders noted that while the package is a step in the right direction, more targeted support for specific industries might be necessary to fully address the diverse needs of the business community.

Read the Full rnz Article at:
[ https://www.rnz.co.nz/news/national/561861/new-plymouth-businesses-largely-support-investment-boost-package ]