Financial secretary Garth Henderson says government agencies have always paid their Pay As You Earn (PAYE) tax, adding the PAYE debt that was written off as part of ‘tax forgiveness’ is a result of a reconciliation error.
Land allocated to locals can be passed onto foreigners if they are unable to afford it, Minister of BTIB Kiriau Turepu said during Tuesday’s question time session at Parliament.
The Cook Islands economy gained from around $32 million in extra spending generated by the 10 per cent increase in visitors last year compared to 2016.
With more than two months left to go on the government’s recently-extended tax amnesty, the Revenue Management Division so far processed $8 million worth of tax debt from 520 applications.
The Budget Support Group (BSG) was established to provide support during the budget process in evaluating ministry and agency submissions and provide recommendations to cabinet.
In a bid to boost its Asian market, Cook Islands Tourism Corporation took part in the China Outbound Travel and Tourism market (COTTM) this week.
With the exception of November, the Cook Islands have experienced strong growth in visitor arrivals since October last year, says the Cook Islands Tourism Corporation.