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taxation

DECEMBER QUARTER 2009

• The December quarter 2009 shows that Gross Turnover was $139.6 million for all industries in the Cook Islands. This is a decrease of 8.8% when compared to the previous quarter and an increase of 2.6% when compared to the December quarter 2008.
  
  
• Total Value Added Tax (VAT) collected on Sales and Income was $13.8 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 39.4%, followed by Hotels & Motels with 17.1% and Transport & Communication with 14.3% and Mining, Manufacturing & Electricity with 9.4%.
  
  
• Net value added tax (VAT) for all industries was $6.8 million for December quarter 2009. This is a decrease of 10.7% when compared to the previous quarter and an increase of 8.2% when compared to the same quarter of last year.
  
  Detailed tables are available here. Or Contact the Office for more information.