Niue Consumption Tax

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%. The bill for the NCT was originally introduced to the Niue Assembly by Premier Toke Talagiin November 2007,^[1] but put on hold shortly afterwards after opposition from MPs.^[2] It was reintroduced a year later,^[3] and again delayed.^[4] It was finally passed on 5 February 2009,^[5][6] and came into force on 1 April 2009.^[7] The increased revenue from the NCT was partially offset by lowering income tax, import taxes, and tax on secondary income.

References

External links

• Text of the Niue Consumption Act

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