"Goods and Services Tax (GST) is a value added tax introduced in New Zealand on 
October 1, 1986 at 10%, and later increased to 12.5% on July 1, 1989, and is to 
be increased to 15% on October 1, 2010."

Kind regards,
Keri Henare
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PLEASE NOTE: I check my email 3 times per day and will respond at these 
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On 20/05/2010, at 4:33 PM, Bruce Clement wrote:

> On Thu, May 20, 2010 at 3:50 PM, Stephen Smith <[email protected]> 
> wrote:
>> True, but what about for historical records? I'm sure it's bound to cause
>> some grief for some people if they weren't expecting this (which I doubt
>> most people were)
> 
> Don't forget future dated transactions.
> 
> If you accept an order today for work that crosses the change date
> (e.g. a contracting job)  when do you have to start charging the new
> amount?
> 
> I was contracting in 1985 when GST came in initially. It was
> pre-announced well before the details were made public and I had it
> written into my contract before either party knew the details of when
> or how much.
> -- 
> Bruce Clement
> 
> Home: http://www.clement.co.nz/
> Twitter:      http://twitter.com/Bruce_Clement
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> 
> "Before attempting to create something new, it is vital to have a good
> appreciation of everything that already exists in this field." Mikhail
> Kalashnikov
> 
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