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10 Jul 2020 5:24
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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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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