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29 Mar 2020 22:29
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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
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     24 Mar: Heightened health protocols will cause only minor hold-ups to Fonterra's milk operations through the four-week lockdown
     18 Mar: Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak
     05 Mar: Longstanding Fonterra chairman, John Monaghan, is stepping down from the dairy co-operative's board
     19 Feb: The coronavirus outbreak is continuing to push down global dairy prices
     05 Feb: Global dairy prices have taken a hit, following the outbreak of the deadly coronavirus in China
     15 Jan: Federated Farmers are asking the Government to change tax legislation for farmers dealing with Mycoplasma bovis
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