Get your tickets to Tolkien today!
Join us in our 24 Hour Chatroom!
Check out on Twitter!
Join us on Instagram

Latest Tweets

  1. Tolkien trending in Brazil in part because of the false idea that LOTR is a Scandinavian white story. Laughable at…


  3. We got more from our friends at Budk. This time Rohan is getting some love and specifically Eomer. If you’re a prop…

House: The Lord Of The Rings Amendment

September 4, 1999 at 10:42 am by xoanon  - 

Now most of this tax stuff goes right over my head, but I do know that GST stands for ‘Goods and Services Tax’. The NZ government is no doubt making sure that the HUGE amount of money being spent stays in NZ, and I don’t really blame them. Here’s what the good folks at Scoop sent me:

House: The Lord Of The Rings Amendment

Following the completion of the Government’s centrepiece legislation for this session – producer board reform – MPs moved to tax legislation including a special provision to clarify the tax position of The Lord of The Rings, film production.

The law changes close a number of loopholes:

GST on purchases made overseas, but still consumed in NZ. A number of education institutions have been selling services overseas, but the students actually attend courses in New Zealand. The change attempts to clarify that GST is payable on any goods or services consumed in NZ, no matter where the payment is made.

It was noted in the House that some institutes had been charging students GST, but not passing on the money to the Government.

Clarification of tax laws to stop double deductions on film productions with a Lord of the Rings’ amendment to ensure their tax position is clear.

The bill also sets the tax rates for next year and has unanimous support.

To read the article at Scoop, click here.

Posted in Old Main News on September 4, 1999 by

The Hobbit: An Unexpected Journey Chronicles

Comments are closed.