Tonga’s bankers, who fought to stop the imposition of a new Foreign Exchange Levy that came into effect today June 1, say the legislation is poorly drafted and imposes an unfair tax on the financial sector, which will be passed on to the community – particularly affecting remittances.
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Results for Tonga investment
Wednesday 1 June 2016
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Nuku'alofa, Tonga
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Friday 13 November 2015
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Nuku'alofa, Tonga
A team of Australian business consultants supported by the Australian Government is helping small to medium enterprises in the Pacific to raise finance to take their businesses forward.
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Friday 11 March 2005
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Nuku'alofa, Tonga
As we discover this week that it is not viable for a New Zealander to invest in Tonga because of a restrictive New Zealand tax legislation, a number of questions spring to mind. It is definitely very unfair for these New Zealanders and Tongans who have made New Zealand their homes to find that investment in Tonga is made unprofitable by restrictive tax laws. Editor's Comment.
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