Economy

In the wake of the government’s recently passed Income Tax Amendment and VAT Amendment Bill, the job of the team at the Cook Islands Tax Amnesty Office is about to change.

Super Fund worth close to $145m

Monday March 05, 2018

The members’ stake in the Cook Islands National Superannuation Fund is worth close to $145 million, according to the latest Fund performance as at January 31, 2018.

PAYE write-off due to error

Thursday March 01, 2018

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.

When can foreigners buy property?

Thursday February 22, 2018

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.

Tax amnesty writes off $4.5 million

Thursday January 25, 2018

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.

Visitor boost forecast

Thursday January 18, 2018

Government predicts more than 160,000 tourists will visit the Cook Islands in the financial year 2017/18 which runs from July, 2017 to June this year.

Boost for airport security

Friday September 08, 2017

The world’s aviation security is only as strong as its weakest link, and the Cook Islands Airport Authority is determined not to be a weak link.

Budget group gets down to work

Monday April 03, 2017

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.

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