ICOS raises 'discriminatory' VAT anomaly affecting marts and farmers

The decision to cut the flat-rate farmers VAT top-up from 5.1% to 4.5% came into effect at the start of this year

ICOS reiterated its call for the flat-rate addition to be amended to ensure farmers selling livestock through marts were not disadvantaged.

A delegation met with the Department of Finance officials on the cut to the flat-rate farmers VAT top-up.

The cut on the VAT top-up came into effect on January 1, 2026, and saw the original rate of 5.1% drop to 4.5%.