The Niue Legislative Assembly

Legislative Assembly

Legislative Assembly is the name given in some countries to either a legislature, or to one of its branch.The name is used by a number of member-states of the Commonwealth of Nations, as well as a number of Latin American countries....

 have passed the Niue Consumption Act during the first week of February 2009, the 12.5 percent tax on good and services is expected to come into effect on 1 April 2009. Income tax

Income tax

An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate...

 has also been lowered, and import tax may be reset to zero except for "sin" items like tobacco, alcohol and soft drink

Soft drink

A soft drink is a non-alcoholic beverage that typically contains water , a sweetener, and a flavoring agent...

s. Tax on secondary income is also been lowered from 35 percent to 10 percent with the stated goal

Strategic planning

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues...

of fostering increased labour productivity.

Text of the Niue Consumption Act