Arab Today, arab today taxes scrapped on new zealand building materials imports
Last Updated : GMT 02:17:56
Arab Today, arab today
Arab Today, arab today

Taxes scrapped on New Zealand building materials imports

Arab Today, arab today

Arab Today, arab today Taxes scrapped on New Zealand building materials imports

Wellington - XINHUA

Duties and tariffs on construction materials imported into New Zealand will be lifted from July 1 as part of a government move to cool the country's overheating housing market, Finance Minister Bill English announced in his annual budget Thursday. Addressing concerns that huge house prices were posing a risk to financial stability and shutting first-home buyers out of the market, English listed a raft of measures in his annual Budget aimed at improving supply. The government had taken a number of steps to free up housing supply, including reformed legislation to limit development contributions for funding infrastructure and increased support for those on low and moderate incomes to get into their first home. "A Productivity Commission inquiry into housing affordability found building materials for a typical modest family home in New Zealand are 30 percent higher than in Australia. Duties and tariffs currently apply to most of the materials used to build a standard house," he said in a published speech to Parliament. The budget included immediate suspension of anti-dumping duties on plasterboard, wire nails and reinforcing steel bar for three years. From July 1, a zero concessionary tariff, to be reviewed after five years, would cover around 90 percent of the materials in a new home and was expected to save around 3,500 NZ dollars (some 3, 034 U.S. dollars) on the construction of a standard home.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taxes scrapped on new zealand building materials imports Arab Today, arab today taxes scrapped on new zealand building materials imports

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taxes scrapped on new zealand building materials imports Arab Today, arab today taxes scrapped on new zealand building materials imports

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday