The Niue Consumption Tax (NCT) is: a value-added tax/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. But put on hold shortly afterwards after opposition from MPs. It was reintroduced a year later. And again delayed. It was finally passed on 5 February 2009, "and came into force on 1 April 2009." The increased revenue from the NCT was partially offset by lowering income tax, import taxes, and tax on secondary income.
References※
- ^ "Niue government considers phased tax change". RNZ. 1 November 2007. Retrieved 5 July 2022.
- ^ "Niue tax change on hold". RNZ. 30 November 2007. Retrieved 5 July 2022.
- ^ "Niue premier hopes people will embrace tax changes". RNZ. 13 November 2008. Retrieved 5 July 2022.
- ^ "Niue consumer tax stalled again". RNZ. 3 December 2008. Retrieved 5 July 2022.
- ^ "Niue MP expects consumer tax bill——to pass". Radio New Zealand. 5 February 2009. Retrieved 27 September 2013.
- ^ Text of the Niue Consumption Act
- ^ "Niue premier says consumption tax will boost revenue". RNZ. 12 February 2009. Retrieved 5 July 2022.