The Cook Islands Ministry of Finance and Economic Management has published the COVID-19 Economic Response Plan. The plan includes tax relief in three stages:
- Stage 1:
- Provisional Tax Adjustments – Reestimates of provisional tax obligations to be permitted. If circumstances have changed due to COVID-19, early refunds can be arranged if provisional tax has been overpaid; and
- Individuals and businesses that are unable to pay their tax – instalment arrangements can be set up. Alternatively, ap…