Encyclopedia > Goods and Services Tax (New Zealand)
Goods and Services Tax (a Value Added Tax)was introduced in New Zealand on the 1st of October 1986 at 10%. Only the end-consumer pays this tax (on the goods or service), and GST registered businesses generally are not charged GST upfront, or, if they are, are able to claim back GST. Thus, a business does not pay GST on its supplies, only the consumer on the end product. Similarly, services, such as repairs by plumbers or mechanics include GST on their bill to the consumer, but buy the parts ex-GST. Value added tax (VAT) is a sales tax levied on the sale of goods and services. ...
GST was increased to 12.5% on the 30th of June, 1989. There are a few exemptions, including residential housing, residential accommodation, and financial services.
External Links
Inland Revenue GST site (http://www.ird.govt.nz/gst/)
The Canadian Goods and ServicesTax (GST) (Taxe sur les produits et services, TPS) is a multi-level value-added tax introduced in Canada on January 1, 1991, by Prime Minister Brian Mulroney and finance minister Michael Wilson.
The tax is a 6% charge (was previously 7% before July 1, 2006, with a promised reduction to 5% at some unspecified point thereafter) on the sale of all goods and services, except certain essentials such as food, residential rent, and medical services, and services such as financial services.
She was re-elected with ease in the subsequent by-election, however, as was the Liberal government in the 1997 election.
Jim arrived at the flat with all his goods and chattels packed into two shopping bags.
I did not appear but through this agent I forced the foreclosure, and but few days (no more, believe me, than the law allowed) were given John Claverhouse to remove his goods and chattels from the premises.
And Tom was soon deep in Arthur's goods and chattels, all new, and good enough for a fifth-form boy, and hardly thought of his friends outside till the prayer-bell rang.
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