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taxation

MARCH QUARTER 2008

The March 2008 quarter shows Gross Turnover was $123.6 million for all industries in the Cook Islands. This is a decrease of 7.0% when compared to the previous quarter But an increase of 3.7% when compared to the March quarter 2007.
Total Value Added Tax (VAT) collected on Sales and Income was $14.4 million for the Cook Islands in this quarter. The Wholesale & Retail Trade industry continue to contribute the highest VAT collected on Sales and Income with 36.5%, followed by Hotels & Motels 25.2% Transport & Communication contributing 13.2% and Mining, Manufacturing & Electricity 9.3%.
Net value added tax (VAT) for all industries was $6.5 million for March quarter 2008. This is a increase of 3.8% when compared to the previous quarter and an increase of 3.1% when compared to the same quarter of last year.

Detailed tables are available here. Or Contact the Office for more information.