Category Taxation in Asia-Pacific

Singapore Eyes Online Shopping GST

November 23, 2017 Taxation in Singapore

Online shopping taxSINGAPORE – Singapore’s rising government expenditure may soon be financed by a tax on online purchases.

As the spending needs of the government of Singapore grows, authorities may soon look into re-working the current legislation on the collection of Goods and Service Tax.

Currently, any goods or services purchased by a taxpayer from Singapore from an international online retailer, are not liable for GST, unless the cost exceeds SGD 400.

Some experts have suggested that the government may lower the threshold in order to capture more transaction under the net of GST.

While the government has not given any indication of how exactly the changes will work.

However, it is expected that the changes will either require merchants to register for GST in Singapore and collect taxes on behalf of ta...

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Petrol Tax Will Fund Rail in NZ

November 22, 2017 Taxation in New Zealand

petrol taxAUCKLAND – Drivers in New Zealand’s biggest city will soon pay more for petrol, with the extra cots being used to pay for a rail network in the city.

The government of New Zealand will soon implement the first regional fuel tax in the country, according to a statement made by a spokesperson for the national Minister of Transport Phil Twyford.

The Minister of Transport indicated that a tax of NZD 0.10 per litre will be applied to the sale of petrol in commercial petrol stations anywhere in the Auckland region.

The current mayor of Auckland Phil Goff has called on the government to pass the revenues from the tax to the Council.

The funds passed to the Council would be used to pay for improvements to the city’s transport infrastructure.

In particular, the tax would go towards paying for ...

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Tax Data Explains Gender Pay Gap

November 17, 2017 Taxation in Australia

pay gap australiaCANBERRA – The pay gap in Australia has been explained using tax data from Australia.

New research published in the book Tax, Social Policy and Gender: Rethinking Equality and Efficiency has used Australian tax data to quantify the income inequality between men and women.

The results of the research showed that women have more interrupted work pattern than men, primarily due to facing a higher burden of childcare than men.

Due to the interrupted work patterns, the positive effects of higher education for women, have a reduced impact on incomes compared to the impacts enjoyed by men.

Due to the reduced impact of education and the significant interruptions to working time, the net incomes of women during their working lives is lower than for men.

Further, as the Australian superannuation sy...

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New Zealand Confirms GST on Online Shopping

November 15, 2017 Taxation in New Zealand

129624134WELLINGTON – All online purchases in New Zealand will soon be liable for a 15 percent tax.

The new Revenue Minister of New Zealand Stuart Nash has confirmed that the country will start collecting Goods and Service Tax on all online purchases.

Currently, any online purchase made from an overseas retailer are not levied with the country’s 15 percent GST, if the purchase price is less than NZD 400.

The tax is typically collected at the border, as the goods come into the country.

The government now hopes to enact a tax on all goods coming into the country, regardless of the price.

The new measure is meant to level the playing field between local retailers who have to pay the tax, and foreign businesses which can ignore the charge.

Retail NZ, an advocacy group for businesses in New Zealand,...

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Sugar Taxes Aren’t the Full Solution

November 8, 2017 Taxation in New Zealand

Tax on sodaWELLINGTON – New Zealand needs to look beyond a simple sugar tax, and weigh up a tax on all processed foods.

On November 7th Exercise NZ released a media statement, saying that taxes on sugary drinks is only a part of the problem of addressing the nation’s obesity problem.

It was noted that some countries have already begun implementing a tax on sugary drinks, however, the measures have only had a limited effect on drinks consumption.

The reason for the lack of success was that sugar-sweetened beverages are relatively cheap, and adding a small tax to their sale still leaves the drinks as a cheap product.

It was suggested that instead of a singular tax on one type of food item, a series of taxes should be applied to a number of processed foods, with the collected funds to be used to pay...

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