The 1st of October will see an increase in the prices paid by New Zealanders for petrol. Fuel Excise Duty (FED) and Road User Charges (RUC) charged across New Zealand are to be increased on October 1st. Prices of petrol at the pump will be 3 cents higher and RUC will increase 10% for small diesel cars and vehicles weighing up to ten tonnes, while heavy trucks will only see 3%-6% added to their charges. According to statements by Steven Joyce, New ... Read More

Peter Dunne has announced the publication of a paper seeking feedback on taxation of New Zealand's bond market. In an effort to foster the growth of New Zealand's domestic bond market, Peter Dunne, New Zealand Revenue Minister, has announced the publication of “AIL, NRWT and the bond market”. Primarily, the paper is concerned with the idea of lowering the Approved Issuer Levy on bonds to 0% when pre-determined circumstances are met. It is suggested by the paper that dispensing with AIL, which according ... Read More

No decision have yet been made by the government in regards to New Zealand's future taxation mix or Taxation Working Group proposed ideas. According to Peter Dunne, New Zealand Revenue Minister, the government is yet to make any decisions regarding the levels of taxation for New Zealand in the near future. He wished to emphasize that the government is yet to discuss any papers released by the Taxation Working Group, or subsequently make a decision on their recommendations. At the EMA ... Read More