Drought to eat into tax take
Inland Revenue is applying “income equalisation discretion” to help drought-affected farmers in those regions.
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The official declaration of drought along the east coast of the South Island this afternoon may cause a reduced provisional tax take and farmers won't be getting wholesale handouts.
The medium-scale event status has been declared for Northern Otago and all of Canterbury and Marlborough, while
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Jamie Ball
Thu, 12 Feb 2015
Thu, 12 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Drought to eat into tax take
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