Takeover target NZ Farming Systems Uruguay (NZFSU) says it has been granted tax benefits worth US$20 million ($28 million) to US$25 million under Uruguayan tax law.
The benefits would be available to offset the company's tax liability once it becomes profitable, expected to be in the 2011-12 financial year.
Tax benefits for takeover target
NZ Farming Systems Uruguay (NZFSU) farming operations. Photo / Supplied
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