Cheque duty
Cheque duty is a charge on every cheque printed. The rate of cheque duty is five cents per cheque. With the advent of MICR (magnetisable ink character recognition) on cheques, and the use of computers by banks, the bulk of cheque printing is done by relatively few printers who have been licensed to pay cheque duty monthly.
Gift duty
Any person who gives gifts of more than $27,000 in a year is liable to pay gift duty. However, any person making gifts with a combined total value of over $12,000 in any 12-month period must complete a Gift statement and forward it to Inland Revenue.
Gaming machines
All gaming machine operators (casino and non-casino) are liable for certain levies and duties on the income generated by their gaming machines.
Date published: 23 Nov 2004
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