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Goods and Services Tax (GST; Māori: Tāke hokohoko) is a value-added tax or consumption tax for goods and services consumed in New Zealand.. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [1]
The New Zealand Government reimburses 95 Lake Alice Hospital survivors, who had part of their compensation payments deducted by legal fees in 2001. [358] 31 October — New Zealand signs a free trade agreement with the six-member Gulf Cooperation Council (GCC). As part of the agreement, 99% of New Zealand exports to the GCC would become duty ...
The Act established a consumption tax in New Zealand, originally set at 10%, but subsequently raised to 15%. GST is a tax of 15% on all goods, services and other items sold or consumed in New Zealand. Individuals become liable to pay GST when their annual turnover exceeds NZ$60,000 in any 12-month period. [1]
These are collected by a range of government agencies such as the New Zealand Customs Service. There is no social security (payroll) tax. New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and ...
Budget 2024 is the New Zealand budget for fiscal year 2024/25 presented to the House of Representatives by Minister of Finance, Nicola Willis, on 30 May 2024 as the first budget presented by the Sixth National Government, [1] [2] ignoring the mini-budget they presented in December 2023.
On 6 May Luxon and Police and Corrections Minister Mitchell announced that the Government would allocate NZ$1.9 billion from the upcoming 2024 New Zealand budget to training 470 new corrections officers and adding 810 beds to Waikeria Prison. [154] On 8 May, Seymour announced the Government's modified school lunch programme.
May 2024 sports events in New Zealand (1 P) This page was last edited on 30 January 2025, at 02:59 (UTC). Text is available under the Creative Commons Attribution ...
The original website at newsroom.co.nz was launched by Peter Fowler on 21 November 1996 and was called NewsRoom. [2] It aggregated breaking news and press releases. [3] Fowler sold it to NZX in 2007, and they sold it to Craig Pellett's company Sublime (now called Streamline) [2] in 2014. [4] Pellett's company sold it to Newsroom NZ Ltd in 2017 ...