Niue Consumption Tax

| This finance needs to be updated. Please update this finance to reflect recent events or newly available information. (December 2024)

|

The Niue Consumption Tax (NCT) is a value-added tax or consumption tax for goods and services consumed in Niue. It is modelled on the New Zealand Goods and Services Tax and charged at a rate of 12.5%.

## History

The bill for the NCT was originally introduced to the Niue Assembly by Premier Toke Talagi November 2007, as Niue's tax system was not generating enough while committed to the Pacific Agreement on Closer Economic Relations requirement to progressively wipe import duties,[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] and came into force on 1 April 2009.[6] The increased revenue from the NCT was partially offset by lowering income tax, import taxes, and tax on secondary income.

## References

1. ↑ "Niue government considers phased tax change". RNZ. 1 November 2007. https://www.rnz.co.nz/international/pacific-news/173662/niue-government-considers-phased-tax-change.
2. ↑ "Niue tax change on hold". RNZ. 30 November 2007. https://www.rnz.co.nz/international/pacific-news/174249/niue-tax-change-on-hold.
3. ↑ "Niue premier hopes people will embrace tax changes". RNZ. 13 November 2008. https://www.rnz.co.nz/international/pacific-news/180355/niue-premier-hopes-people-will-embrace-tax-changes.
4. ↑ "Niue consumer tax stalled again". RNZ. 3 December 2008. https://www.rnz.co.nz/international/pacific-news/180723/niue-consumer-tax-stalled-again.
5. ↑ "Niue MP expects consumer tax bill to pass". Radio New Zealand. 5 February 2009. http://www.radionz.co.nz/international/pacific-news/181846/niue-mp-expects-consumer-tax-bill-to-pass. Retrieved 27 September 2013.
6. ↑ "Niue premier says consumption tax will boost revenue". RNZ. 12 February 2009. https://www.rnz.co.nz/international/pacific-news/181986/niue-premier-says-consumption-tax-will-boost-revenue.

## External links

* Text of the Niue Consumption Act

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Niue Consumption Tax. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Niue_Consumption_Tax&oldid=3848994"