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The Real Estate Agents Authority (REAA), now the Real Estate Authority (REA) was established in 2009, after the enactment of the Real Estate Agents Act in 2008. The organisation took control of, and maintained, the roles of the now-defunct Real Estate Agents Licensing Board [ 7 ]
Goods and services tax (GST) is an indirect tax introduced in New Zealand in 1986. This represented a major change in New Zealand taxation policy as until this point almost all revenue had been raised via direct taxes. GST makes up 24% of the New Zealand Government's core revenue as of 2013. [37]
In 2021-22, Inland Revenue collected $100.6 billion in tax revenue, [6] which helped pay for the services that all New Zealanders benefit from such as social security and welfare, health and education. Other services included law and order, housing and community development, environmental protection, defence, transport, and heritage, culture ...
New Zealand Walking Access Commission (Herenga ā Nuku Aotearoa) Pharmac (Te Pātaka Whaioranga) Real Estate Agents Authority (Te Mana Papawhenua) Social Workers Registration Board; Sport New Zealand (Ihi Aotearoa) Taumata Arowai - the Water Services Regulator; Tertiary Education Commission (Te Amorangi Mātauranga Matua) Careers New Zealand
Goods and Services Tax (GST) 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] It normally makes up around 30% ...
The Ministry for Regulation is the fourth central agency within the New Zealand Government alongside the Department of the Prime Minister and Cabinet, Public Service Commission, and the New Zealand Treasury. [4] [5] The Ministry falls under the portfolio of Minister for Regulation David Seymour and is headed by chief executive Gráinne Moss. [4]
The Tax Working Group was established on 20 December 2017 with the stated goal of "examine further improvements in the structure, fairness and balance of the tax system." The Working Group will report to the New Zealand Government on the following matters: Whether the tax system operates fairly in relation to taxpayers, income, assets and wealth.
New Zealand society as a whole continues to dream the dream of owner-occupied home-ownership despite changing economic and environmental conditions. The local real-estate sector promotes myths of moving onto (and up) the property ladder [9] accordingly, and New Zealand politicians foster the idea of a stable democracy rooted in property-ownership.