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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]
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 back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
The 54th New Zealand Parliament is the current meeting of the legislature in New Zealand. It opened on 5 December 2023 following the 14 October 2023 general election, and will expire on or before 16 November 2026 to trigger the next election . The Parliament was elected using a mixed-member proportional representation (MMP) voting system.
July 10, 2024 at 5:52 PM. By Arathy Somasekhar, Marianna Parraga and Curtis Williams. HOUSTON (Reuters) -About 1.5 million customers remained without power in Texas on Wednesday, two days after ...
The Beastie Boys are suing the parent company of Chili's in a case that accuses the chain restaurant of running an advertisement that used the hip-hop trio's smash hit “Sabotage” without ...
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.
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