Category Taxation in New Zealand

New Petrol Taxes Launch in New Zealand

June 29, 2018 Taxation in New Zealand

petrol taxes in new zealandWELLINGTON – From this weekend on, petrol will be more expensive in New Zealand, as new taxes come into force.

Earlier this week the New Zealand government passed the third reading of a bill to levy a regional fuel tax in the country’s biggest city.

The new regional fuel tax will allow the Auckland Council to charge a tax of NZD 0.115 on each litre of petrol sold in the Auckland region.

The money gathered from the tax is aimed at helping fund new infrastructure developments, and to ease the monetary burden felt by the government in paying for roads in Auckland.

Along with the new regional tax, the government hopes to enact a new nation-wide tax from October 1st, which will be levied at a rate of NZD 0.035 per litre of petrol.

It is expected that by 2020 the new taxes will result in t...

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Tax Could Cut Housing Cost in NZ

June 19, 2018 Taxation in New Zealand

property taxWELLINGTON – Taxes could result in significant decreases to New Zealand’s cost of houses, however, it would be accompanied by increases to the cost of renting.

New Zealand’s Westpac bank released the results of new modelling on June 19th, showing the potential impact that several property taxes will have on the cost of housing in the country.

The modelling was provided to the Tax Working Group, a government established working group tasked with examining the feasibility of a wide set of tax reforms for New Zealand.

Housing is a hot topic in New Zealand, as the cost of renting or purchasing housing has grown significantly over the last several years, seriously harming housing affordability across the country.

The bank’s researchers examined the potential impact of a capital gains tax ...

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New Zealand Slaps New Taxes on Tourists

June 15, 2018 Taxation in New Zealand

Air New ZealandWELLINGTON – New Zealand is tightening up its borders and slapping taxes and fees on those wanting to visit or live in the country.

On June 15th the government of New Zealand launched a new consultation on proposed changes to the taxes and levies to be paid by visitors and migrants coming to the country.

Immigration and tourist taxes have been a hot-button topic in New Zealand in the last year, with the newly elected government making a campaign promise to address the issues of excessive inward migration and drawing more funding from visitors for tourism infrastructure.

The government has now released its proposed changes in this regard, and is seeking public comment on the proposals.

Among the proposed changes is a NZD 30 International Visitor Conservation and Tourism Levy, which will ...

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Drop The Petrol Tax, Says NZ National Party

May 23, 2018 Taxation in New Zealand

Fuel taxWELLINGTON – The New Zealand government needs to drop the idea of new petrol taxes, as the fuel prices are already at record-high levels, according to the major opposition party.

In a new press release issued on May 22nd the National Party of New Zealand, the major opposition party, called on the government to cancel the planned implementation of fuel taxes in the country.

The National Party claims that the current price of petrol is at a record high, hitting as much as NZD 2.30 per litre, and that some experts are claiming that the price could reach NZD 3 per litre in the foreseeable future.

The government of New Zealand is currently planning on enacting nation-wide hikes to the rate of fuel tax of NZD 0.03 to NZD 0.04 per litre per year for the next three years.

The national fuel tax ...

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New Zealand’s Cities Asking for Fuel Taxes

May 17, 2018 Taxation in New Zealand

fuel tax taurangaWELLINGTON – New Zealand’s biggest city will soon have a regional fuel tax, and now the country’s smaller cities want to follow suit.

Regional Council across New Zealand are requesting that the government grants them permission to impose region-specific fuel taxes.

The latest local council to pursue a local fuel tax is the Tauranga City Council, which hoped to be able to charge more at the pump, like the country’s largest city, Auckland.

Tauranga joins Christchurch and Hamilton, two other major cities which are hoping to raise funds via a fuel tax.

The Council claim that the regional fuel taxes would be used to fund the development and improvement of transport infrastructure in their respective regions.

The Auckland Council has been granted permission to levy a tax of NZD 0...

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