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Income equalisation scheme - deposits

For farmers, fishers and growers who have been affected by the following events:

  • The Southland/Otago floods of late 2019.
  • Mycoplasma bovis (unexpected taxable income from the sale of culled stock not replaced in the same year). 
  • Drought in the entire North Island, Tasman, Marlborough, Kaikoura, North Canterbury and the Chatham Islands.

The Commissioner has decided to extend the date in which to make a deposit to the income equalisation account for the 2019 income tax year to 30 June 2020.