StalledConfidenceHighMacroeconomy & IMF
Categorize goods applicable for VAT and introduce a different tax rate for each category.
NPP 2024Source manifesto
Why this status
Stalled. Current Inland Revenue guidance shows a single 18 percent standard VAT rate and 18 percent for financial services, with 0 percent largely limited to export supplies. It does not establish the promised differentiated VAT rates by domestic goods category.
Evidence timeline
Oldest first. Each item is labelled by whether it supports the promise being kept or cuts against it.
- 30 Jun 2026AgainstEnacted law
“The current VAT schedule states an 18% standard rate from 1 January 2024 and an 18% rate on financial services; 0% is listed for exports rather than a category-by-category domestic rate structure.”
Open source
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