Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Enterprise Numbers Flat

The number of non-farming businesses registered for GST, and having annual turnover above the $30,000 compulsory registration threshold, fell by 0.6 per cent in the year ended February 1999.

In the years ended February 1995 to 1998, the number of comparable enterprises increased on average by 6.9 per cent per annum.

The latest result may well reflect stagnant economic performance with GDP falling 0.2 per cent in the year to March 1999. Drought conditions and the Asian financial crises have both contributed to this result.

Births of new businesses declined, when compared with the year ended February 1998, especially in the number of unincorporated firms. There was also an increase in the number of companies which either ceased trading or dropped below the $30,000 compulsory GST registration threshold, which at 52,289 was up 23 per cent when compared with 1998 figures.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Retail: International Websites To Pay GST

New rules would be aimed at imported goods valued at or below $1,000. Customs would retain responsibility for collecting GST on imported parcels valued more than $1,000. More>>

ALSO:

High-Level Advice: PM’s Business Advisory Council Membership Announced

The Prime Minister’s Business Advisory Council brings together a mix of experts, six women and seven men with small to large business experience, from across New Zealand, to provide advice. More>>

ALSO:

Improving: Report Shows New Zealand Air Quality 'Good'

Our air 2018, produced by the Ministry for the Environment and Stats NZ, shows that while some previously known issues persist, progress has been made and levels of some pollutants are declining. More>>

ALSO:

Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>

ALSO:

Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>

ALSO:

Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>