New Zealand

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The economy is based on agriculture (particularly dairy products, meat, and wool (68 m sheep, 2 m dairy cows)), food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining. Fish catch reached a record 0.5 m tonnes in 1988. Highly dependent on external trade, New Zealand is currently trying to move from being a primary to a secondary producer.

Currency Decimal system based on New Zealand dollar, with cent denominations. Coins are 5, 10, 20, and 50 cents, 1 and 2 dollars. Notes are 5, 10, 20, 50, and 100 dollars. Major credit cards are accepted widely.

Stockmarket Same as overseas.

Interest Rates

Fluctuating between 6 and 8% depending on overseas markets.

Taxes New Zealand operates a Goods and Services Tax of 12.5 per cent on ALL goods and services sold and this is usually included in the display price. The exceptions are purchases at duty free shops. Visitors cannot claim refunds on this tax however when a supplier agrees to export a major item to a visitors home address then GST will not be charged on the goods or the freight.

Income tax 24% on first $30,874/year, 33% for every $ above this. There are various rebates for things like low incomes, children, donations, Housekeeper, Home/Farm/Vessel Ownbership, and others.

Government Revenue Source (1990)

How it was expected to be spent (1990)

Income Tax Gost and Service Tax Other Direct Taxes Excise Duties Highway tax Other Indirect Tax

$16,950 $5,500 $360 $1,670 $670 $790

Education Health Transport Administration Development of Industry Government Borrowing Foreign Relations Social Services

$3,912.5 $3,791.1 $711.6 $2,769.0 $1,231.3 $575.1 $1,733.7 $10,292.1

Total

$25,940

Total

$25,016.4

Life in General

Business Hours Banks 9:00am to 4:30pm - can vary slightly. Otherwise, Monday to Friday 9:00am to 5:30pm. Late night for shopping is either Thursday or Friday. Changes to the Shop Trading Hours Act means that most shops are open for longer hours than this. Almost all are open Saturday morning, many are open on Sunday with some shops and markets remaining open later during the week.

Automatic teller machines are widely available including a system in many supermarkets and petrol stations called EFTPOS where you can buy goods with your card and a PIN number and/or obtain cash. All international credit cards are accepted in New Zealand. Travellers cheques can be changed in banks, hotels, stores, etc. There is no restriction on the amount of foreign currency which may be brought into or taken from New Zealand. Funds may be in the form of bank notes, coins, travellers cheques or any other instrument of payment. Visitors may convert surplus New Zealand currency at any outlet authorised to deal in foreign exchange.

Events Some of the noteworthy cultural events include: Summer City Programme (January to February; Wellington) which is a series of festivals around the city; Marlborough Food & Wine Festival (2nd week in February; Blenheim); International Festival of the Arts (February, even-numbered years only; Wellington), an entire month of national and international culture; Golden Shears Sheep-Shearing Contest (March; Masterton), a must for lovers of sheep, scat and sweat; and Canterbury Show Week (November; Christchurch) which has agricultural exhibits, rides and local entertainment.

Tipping Tipping is not unheard of in New Zealand. Employed people don't depend on tips for their income and service charges are not [usually] added to hotel and restaurant bills. Tip for service if you think it's deserved.

Getting There & Away The overwhelming majority of visitors arrive by air. There are three airports that handle international flights: Auckland (the major exit/entry point), Wellington and Christchurch. Departure tax on international flights is NZ$20. A few cruise ships visit New Zealand, but there are no regular passenger ship services and working your way across the Pacific as crew on a yacht now seems a thing of the past.

Getting Around Although New Zealand is a compact country and generally easy to get around, it makes good sense to fly - especially for the views over the mountains or volcanoes. A variety of discounts also makes flying economical. New Zealand has two major domestic airlines: Air New Zealand and Ansett New Zealand. Several smaller airlines - Mt Cook Airline, Eagle Air and Air Nelson - are partly owned by Air New Zealand and have been grouped together as `Air New Zealand Link'. This network provides thorough coverage of the country.

Реферат опубликован: 25/03/2008