when did nz gst change from 10 to 12.5
Goods and Services Tax (New Zealand) Since its introduction it has had two increases, on 1 July 1989 the rate increased to 12.5%[4] and on 1 October 2010 it increased again to 15%,[2] to pay for income tax cuts by the National Government.
Economy of New Zealand Imports â€“ commodities: machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Goods and services tax (Australia) The tax was introduced by the Howard Government and commenced on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out a number of various State and Territory Government taxes, duties and levies such as banking taxes and stamp duty.
National Insurance NI was first introduced by the National Insurance Act 1911 and expanded by the Labour government in 1948. The system was subjected to numerous amendments in succeeding years.
Decimalisation India changed from the rupee, anna, pie system to decimal currency on 1 April 1957.
Goods and Services Tax (India) The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government. The tax replaced existing multiple cascading taxes levied by the central and state governments.