30 Nov 2007

Niue tax change on hold

4:00 pm on 30 November 2007

The passage of a National Consumption Tax bill in Niue has been deferred after strong opposition from the country's MPs.

The Government plans to bring in a 12 point five percent tax on goods and services, lower income taxes and cut import duties.

This is so the country complies with the requirements of the PACER trade agreement and to raise its tax income.

The NCT has been deferred for three months to allow people more time to see how it will work and its benefits or otherwise.