Short answer: Yes, they become part of the employee’s gross earnings. NZPPA has been in discussion with IRD on this since these new payments were announced and have had it
Month: March 2020
Example of how the Government Wage Subsidy and Leave Payment is taxed
The wage subsidy and leave payment are subject to tax and become part of gross taxable income for the employee. Example of the Wage Subsidy: A full-time employee (working more