Sunday, June 23, 2024

Customs duty relief for cyclone-hit businesses

Further assistance is now available to businesses impacted by Cyclone Gabrielle, with Customs able to offer payment plans and to remit late-payments, Customs Minister Meka Whaitiri announced today.

“This is part of the Government’s ongoing commitment to assist economic recovery in the regions,” Ms Whaitiri said.

Cabinet has approved the declaration of Cyclone Gabrielle and other recent extreme weather as an emergency under the Customs & Excise Act 2018. 

“This means Customs can further support the Government’s response efforts by allowing duty payers who agree to payment plans, relief from interest or penalties, the Minister said.

“We know damage from recent weather events has affected many people and businesses, especially in the Gisborne and Hawke’s Bay regions, including producers of wine and beer.

“This Customs initiative offers some relief to these affected businesses to help with their recovery.  

“It will be a long road, with many vineyards and breweries facing extensive damage. This amendment to regulation enables Customs to help businesses get back on their feet as quickly as possible.

“I urge local producers to contact their local excise team to see what support options are available,” Ms Whaitiri said. 

More information can be found on Customs’ website www.customs.govt.nz/weather-event.

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