Fuel Excise Duty tagged posts
August 31, 2012 New Zealand Taxation
Road user charges and taxes on petrol are set to go up, as the government looks to finance the development and improvement of the country’s road system.
The fuel excise duties and road-user charges faced by New Zealanders will be raised even further within the next 12 months in order to raise more funds to finance transport projects around the country, according to a statement made on August 30th by the Prime Minister John Key.
The government has not yet finalized the size of the increase, and a decision should be made by the end of the year.
Commenting on the potential size of the tax rise, the Transport Minister Gerry Brownlee indicated that the tax hike will be “in the realms of the rate of inflation”.
The extra tax revenues gathered from the increase will be used to fund improvements ...Read More
September 30, 2009 New Zealand Taxation
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 Zealand Transport Minister, the three cent FED rise is comprised of a 1.5 cent annual increase as scheduled by the previous government and another 1.5 cents aimed at subsidizing the now removed regional fuel tax...Read More