Misplaced Pages

Niue Consumption Tax

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (December 2024)

The Niue Consumption Tax (NCT) is a value-added tax or consumption tax for goods and services consumed in Niue. It is modeled on the New Zealand Goods and Services Tax and charged at a rate of 12.5%.

History

The bill for the NCT was originally introduced to the Niue Assembly by Premier Toke Talagiin November 2007, but put on hold shortly afterwards after opposition from MPs. It was reintroduced a year later, and again delayed. It was finally passed on 5 February 2009, and came into force on 1 April 2009. The increased revenue from the NCT was partially offset by lowering income tax, import taxes, and tax on secondary income.

References

  1. "Niue government considers phased tax change". RNZ. 1 November 2007. Retrieved 5 July 2022.
  2. "Niue tax change on hold". RNZ. 30 November 2007. Retrieved 5 July 2022.
  3. "Niue premier hopes people will embrace tax changes". RNZ. 13 November 2008. Retrieved 5 July 2022.
  4. "Niue consumer tax stalled again". RNZ. 3 December 2008. Retrieved 5 July 2022.
  5. "Niue MP expects consumer tax bill to pass". Radio New Zealand. 5 February 2009. Retrieved 27 September 2013.
  6. "Niue premier says consumption tax will boost revenue". RNZ. 12 February 2009. Retrieved 5 July 2022.

External links

Categories: