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taxation

SEPTEMBER QUARTER 2009

• The September quarter 2009 shows that Gross Turnover was $151.8 million for all industries in the Cook Islands. This is an increase of 11.7% when compared to the previous quarter and a further increase of 2.7% when compared to September quarter 2008.
  
  
• Total Value Added Tax (VAT) collected on Sales and Income was $15.4 million for the Cook Islands in this quarter. The Wholesale & Retail Trade industry continued to contribute the highest VAT collected on Sales and Income with 36.0%, followed by Hotels & Motels with 20.0% and Transport & Communication with 14.3% and Mining, Manufacturing & Electricity with 8.3%.
  
  
• Net value added tax (VAT) for all industries was $7.5 million for September quarter 2009. This is an increase of 9.1% when compared to the previous quarter and a further increase of 3.2% when compared to the same quarter of last year.
  
  Detailed tables are available here. Or Contact the Office for more information.