Goods and Services Tax (New Zealand)
nagesh bajaj
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nagesh bajaj
Goods and services tax (GST) is an indirect tax introduced in New Zealand on October 1, 1986 at 10%, and later increased to 12.5% on July 1, 1989, and is to be increased to 15% on October 1, 2010. This brought a major change in New Zealand taxation policy as until this point almost all revenue had been raised through direct taxes. Now 19% of the New Zealand Government’s core revenue comes from GST.
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Import Export Trade| Custom Duty| Excise Duty| Service Tax | GST
Nagesh Bajaj
Nagesh Bajaj
Nagesh Bajaj
The idea of dropping the most quarrelsome issue of Constitutional Amendment from the recently concluded meeting of the Empowered Committee of the State Finance Ministers didn’t work well for the Government as it also failed to provide any fruitful results. So, we have to wait more for the new tax regime which is expected to [...]
Nagesh Bajaj
Nagesh Bajaj