tax rebate tagged posts

New Zealand Winemakers May lose Australian Tax Rebates

February 18, 2015 New Zealand Taxation

Winemakers throughout the New Zealand may soon lose out on as much as AUD 23 million, as the Australian government reevaluates a selection of tax rebates.

According to a recent statement by the chief executive of the Winemakers’ Federation of Australia Paul Evans, the government of Australia may soon scrap the Wine Equalization tax rebate scheme which results in tax rebates for a number of New Zealand winemakers.

Currently as many as 200 New Zealand winemakers are claiming tax rebates from the government of Australia of as much as AUD 500 000, totalling AUD 23 million in 2013 alone.

The potential review and abolishment of the rebate is part of a wider revaluation of the Australian tax system, which will be held later this year.

The Wine equalization Tax rebate scheme was initially offer...

Read More

Health Insurance Tax Rebate Proposed for Elderly

July 10, 2010 New Zealand Taxation

Breeder checking on the health status of conserved germplasm of cowpea seedsThe New Zealand Revenue Minister has revealed that he is weighing up the idea instating tax rebates for health insurance premium payments for the elderly.

Speaking at a meeting of Grey Power Bay of Plenty on July 9th, Peter Dunne, Revenue Minister and associate Health Minister of New Zealand, stated that he is currently planning to release a proposal for “a tax rebate for health insurance premium payments for over 65s.”

According to Peter Dunne, many elderly New Zealanders have taken out health insurance in the past, but are now struggling under the the financial burden of escalating insurance premiums. The tax rebates would ensure that elderly taxpayers will continue to receive continued levels of access to elective surgery in New Zealand, by subsidizing the price increases...

Read More