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25 Jun 2021 8:50
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  •   Home > News > Rural

    The Revenue Minister says he's asked officials to look at the tax issues around Mycoplasma bovis

    The Revenue Minister says he's asked officials to look at the tax issues around Mycoplasma bovis


    Federated Farmers says an unusual situation is causing some farmers who have culled stock, to be paying tax as if they've made a profit - when they clearly haven't.

    Stuart Nash says it's a technical issue and will need careful consideration.

    He says he'll respond to Federated Farmers once he receives advice from Inland Revenue about his options.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
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    BUSINESS BUSINESS
    The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury More...



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