FTA Negotiation for NZ and India

Categories: New Zealand Finance

It has been agreed by New Zealand and Indian Trade Ministers Tim Groser and Kamal Nath, respectively, that India and New Zealand will commence bilateral Free Trade Agreement (FTA) negotiations. The agreement is based on a Joint Study performed by the two countries which explored the benefits of a possible FTA between the two countries. [...]

It has been agreed by New Zealand and Indian Trade Ministers Tim Groser and Kamal Nath, respectively, that India and New Zealand will commence bilateral Free Trade Agreement (FTA) negotiations. The agreement is based on a Joint Study performed by the two countries which explored the benefits of a possible FTA between the two countries. Having reached an agreement that the study indicated definite positives for both nations it has been agreed that negations will commence. While no definite schedule has been ... Read More

Interest Free Student Loans Extended

Categories: New Zealand Finance, New Zealand Taxation

The list of situations under which an individual qualifies for interest write-offs on their student loans has been expanded by Order of the Council, according to statements made by Revenue Minister Peter Dunne on the 23rd of February. Four New Zealand charitable associations who have volunteers overseas have been added to the list of groups [...]

The list of situations under which an individual qualifies for interest write-offs on their student loans has been expanded by Order of the Council, according to statements made by Revenue Minister Peter Dunne on the 23rd of February. Four New Zealand charitable associations who have volunteers overseas have been added to the list of groups who are eligible for student loan interest write-offs for the participants. The change will come into effect of the 1st of April with Australian Volunteers International, Pioneers ... Read More

Student Loan Interest Raised

Categories: New Zealand Finance, New Zealand Taxation

The interest rate applied to Student Loan balances was raised on the 23 of February. According to media statements made by Revenue Minister Peter Dunne, as of the 1st of April 2009, the new rate will be 6.8%. The previous rate was 6.7%. Due to the fact that interest is written off for graduates staying [...]

The interest rate applied to Student Loan balances was raised on the 23 of February. According to media statements made by Revenue Minister Peter Dunne, as of the 1st of April 2009, the new rate will be 6.8%. The previous rate was 6.7%. Due to the fact that interest is written off for graduates staying in New Zealand, the change will only be felt by those with student loans who are working overseas or are out of New Zealand for more than ... Read More

Government Tax Income below Expectation

Categories: New Zealand Taxation

The Governmental spending power is lower than the forecast pre-election figures, a lower tax revenue is blamed. According to the financial statements released by the New Zealand Government under the Public Finance Act 1989, the government is operating with a much lower monetary amount than previously predicted. Chief blame behind this rest with the lowered [...]

The Governmental spending power is lower than the forecast pre-election figures, a lower tax revenue is blamed. According to the financial statements released by the New Zealand Government under the Public Finance Act 1989, the government is operating with a much lower monetary amount than previously predicted. Chief blame behind this rest with the lowered tax revenue experienced by the government, with figures of $29,344 million as opposed to the December forecast of $30,529 million. Similarly the Crown’s core expenses were almost ... Read More