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.
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.