New Zealand Inland Revenue has issued the final version of Interpretation Statement (IS) 22/01 regarding the deductibility of costs incurred due to COVID-19. The final statement is largely in line with the draft statement that was consulted on earlier, with some adjustments and added information. It is also noted that the statement applies to a business that is being carried on. For businesses that have ceased to operate (either temporarily or permanently) due to COVID-19, reference is made …