Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tax Deadline Waived For Flood Farmers

19 February 2004 PR 38/04
Tax Deadline Waived

Federated Farmers of New Zealand (Inc) has received assurances from the Minister of Revenue that flood-affected farmers who cannot meet their tax filing and payment deadlines do not need to worry, said Federation President Tom Lambie.

"Federated Farmers is aware that some farmers have lost all their paper and electronic records," he said. "Others cannot access their computers to calculate PAYE and GST payments as they have no power.

"Even those farmers who can use their computer or still have their paper records might not be able to meet their filing deadlines. Some cannot send their Inland Revenue Department (IRD) forms and payments because mail is not being picked up in flood-affected areas," he said.

"We are fully aware that it will take some time for some farmers to be in a position to meet their IRD obligations," he said.

While IRD automatically applies late-filing penalties and interest for overdue payments, the department has the discretion to reverse these charges. Federated Farmers will ensure that this is done for flood-affected farmers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news