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Media Release - Karere Uira


Northern Group Battery Replacement Project Progresses
๐๐ก๐ข๐ฌ ๐ซ๐๐ฅ๐๐๐ฌ๐ is to confirm that no delays to this project are attributed to New Zealand despite discussions in Parliament recently. Cook Islanders living in the Northern Group experience intermitted power cuts due to irregular system component failures, the Cook Islands Government is addressing these issues through the Northern Battery Replacement Project and the Pa Enua Capital Distribution Fund. ๐๐ก๐ ๐๐จ๐ซ๐ญ๐ก๐๐ซ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ฉ๐ฅ๐๐๐๐ฆ๐๐ง๐ญ ๐๐ซ๐จ
Mar 26, 20251 min read
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How Borrowing Supports the Cook Islands Growth
I tฤia สปatiสปanga nei te mou nei te Kavamani Kลซki สปAirani i tฤtaสปi au kaioสปu. Karฤ tฤia i te mea mฤtaukoreสปia me mou tฤtaสปi au Ipukarea i tฤtaสปi kaioสปu, e ko te rฤvenga tฤia e rauka ai te moni nล te สปakapลซสปapinga ki roto i tฤtaสปi au สปakakoroสปanga Ipukarea. Kua สปฤite tฤia i tฤสปau kฤ rave mฤ สปoko สปare koe nฤ roto i te tฤraสปuสปanga moni ki te pฤngika. Mฤ ka สปakaputu moni koe nล te สปoko peke i tลสปou สปare, ka roa te tuatau e tupu ei te reira โ te kitea nei tฤia ki roto i tฤ mฤtou au
Mar 25, 20257 min read
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MEDIA RELEASE - Cook Islands and China strengthen Economic and Technical Cooperation- Rarotonga 21 February 2025
The Governments of the Cook Islands and the Peopleโs Republic of China have reaffirmed their commitment to economic development and technical support through the signing of an Economic and Technical Cooperation Agreement in Harbin on 14 February 2025. As part of the agreement, China has committed a grant of RMB ยฅ20,000,000 (approx. NZD $4,600,000) to fund projects that will be agreed upon by both governments, with final approvals given once details are confirmed. The agreemen
Feb 21, 20251 min read
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๐๐จ๐จ๐ค ๐๐ฌ๐ฅ๐๐ง๐๐ฌ ๐ก๐๐ข๐ ๐ก๐ญ๐๐ง๐ฌ ๐ข๐ญ๐ฌ ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ
Following a month of stakeholder consultations, the ๐๐๐ฃ๐จ๐ซ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐๐ฎ๐ซ๐๐ฆ๐๐ง๐ญ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ (๐๐๐๐), a division within the Ministry of Finance and Economic Management (MFEM) launches the review of its activity management system, the Tarai Vaka Process. ๐๐ฌ๐ญ๐๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ข๐ง ๐๐๐๐, the Tarai Vaka Process (TVP) is the Cook Islands National activity management system implemented to streamline planning, implementin
Feb 21, 20252 min read
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Request for Quotes (RFQ) - Capacity Needs Assessment Consultant โ Green Climate Fund Readiness and Preparatory Support Programme
Extended Deadline to 7th February 2025 Through the Green Climate Fund (GCF) Readiness and Preparatory Programme, we cordially invite submissions of quotations from suitably qualified individuals with relevant experience to conduct a Capacity Needs Assessment for the GCF Integrated Results Management Framework (IRMF). The purpose of this assessment is to support the Ministry of Finance and Economic Management (MFEM) and its stakeholders in the formulation of a comprehensiv
Dec 30, 20241 min read
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Dec 16, 20241 min read
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Customs and Police joint operation seize 2kg of cannabis in Aitutaki
Date: Friday 16 August โJust over 2kg of cannabis has been seized in Aitutaki, in what Police are praising as a well-executed operation by Cook Islands Customs Service. The discovery of the cannabis was made during a search on Wednesday 7 August by Customs at the port in Arutanga, concealed in cargo from New Zealand. Police were notified of the seizure and Rarotonga Detectives were dispatched to the island on Thursday with search warrants. Commander of CIB Detective I
Aug 19, 20241 min read
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Sovereign Wealth Fund - Planned Public Consultations
We're looking for everyone's input to help shape our country's Sovereign Wealth Fund. Your thoughts are crucial in achieving shared goals. Join the conversation. Shape our future. Save the date and make a difference! For more info on SWF Policy: https://www.mfem.gov.ck/sovereign-wealth-fund
Jul 11, 20241 min read
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Customs Declarant and Broker Course
The RMD - Cook Islands Customs Service (CICS) successfully completed a 4-day declarant training course with 19 successful participants. The training was held from 11-14 June 2024 at the Edgewater Resort and was made possible by funding from the PACER Plus Implementation Unit. The declarant training covered five main modules, Customs Legal Environment, Rules of Origin (PACER Plus Trade Agreement), Customs Tariff, Customs Valuation and the use of the current CICS automated syst
Jul 2, 20241 min read
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EXPRESSIONS OF INTEREST โ Customs Declarant and Broker Course
The Cook Islands Customs Service is seeking expressions of interest to participate in the Customs Declarant and Broker Course to be held over a 4 day period from Tuesday 11th to Friday 14th of June, 9am โ 3pm (dependent on numbers). The course will be hosted by the Cook Islands Customs Service and is targeted at businesses that regularly import or export goods, or broker companies, who wish to register as a user of the Customs automated system (ASYCUDA World) in order to c
May 20, 20241 min read
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EXPRESSIONS OF INTEREST โ ATOM Project Positions
The Green Climate Fund (GCF) funded project โAkamatutuโanga To Tatou Oraโanga Meitaki (ATOM): Building a healthy and resilient Cook...
May 10, 20241 min read
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Cook Islands Customs Public Consultation โ Tariff concession and Value Added Tax (VAT) Exemption for the Importation of Disability Motor Vehicles
Introduction The Revenue Management Division (RMD) of the Ministry of Finance and Economic Management has commenced a public consultation for a proposed amendment to the existing tariff concessions under Part 2 of the Customs Tariff Act 2012. The proposal is to introduce a tariff concession and VAT exemption for imported motor vehicles designed or adapted to transport disabled persons into the Cook Islands. This will make these motor vehicles โfreeโ of import duty and VAT upo
May 6, 20243 min read
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The Cook Islands delegation to the 57th Annual Meeting of the Asian Development Bank Board of Governors
Led by Prime Minister and ADB Governor, Hon. Mark Brown held its first bilateral meeting with the Pacific Department of the Asian Development Bank today. The meeting delved into how ADB, with its extensive resources and expertise, can lend support to the Cook Islands, as well as other Pacific Island Countries (PICs) and Small Island Developing States (SIDS). With the recent ADF14 replenishment, there's renewed momentum to bolster efforts towards sustainable development in t
May 6, 20242 min read
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Acting Director for the Revenue Management Division (RMD) and Customs Service
As of the 1 May 2024, Mr. Garth Henderson, the Financial Secretary, will assume the role of Acting Director for the Revenue Management Division (RMD) and Customs Service until a permanent Director is appointed at the earliest opportunity. RMD is an essential part of MFEM and is responsible for administering customs and tax laws in a fair and equitable manner, protecting the country's borders, and collecting taxes on behalf of the government. The recruitment for a new Dire
May 6, 20241 min read
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Xavier Mitchell's Completion of Service
MFEM has recently farewelled Mr Xavier Mitchell, who served as the Collector, Comptroller and Director of Revenue Management Division (RMD) for six years. Xavier, a proud Cook Islander, was born and raised in New Zealand, which gave him a unique perspective in his role as the Director. He joined MFEM in January 2018 on a three-year contract, which was later extended for another three years and two months, from February 2021. Garth Henderson, the Financial Secretary, stated th
May 6, 20241 min read
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The Annual Budget Breakfast
The Annual Budget Breakfast will be held at The Islander Hotel on Wednesday 15th May 2024. Breakfast starts at 7:30am and the Budget Presentation starts at 8.30am. The Budget Breakfast is a public event open to anyone who may be interested in hearing about the details of the 2024-25 Appropriation Budget. The Budget Breakfast will also be streamed live on the Ministry of Finance and Economic Management Facebook page. The Prime Minister will present: An update of the Govern
Apr 24, 20241 min read
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PUBLIC NOTICE - Yachts visiting the Cook Islands
We wish to remind all visitors that it is mandatory for ALL marine craft (including yachts) visiting the Cook Islands to arrive at and depart from a designated Customs port. Customs, Immigration, Bio-Security and Te Marae Ora (Health) formalities must be completed at these ports before any further travel is undertaken in the Cook Islands. Any failure to comply with these regulations, is an offence under the Customs Revenue and Border Protection Act 2012. DESIGNATED CUSTOMS
Apr 4, 20241 min read
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PUBLIC NOTICE - Tariff Classification - Fruit Drinks
To all Customs Clients โ Importers, declarants and brokers. Please be advised that fruit drinks consisting of a quantity of fruit juice, water and other ingredients are beverages of tariff heading 22.02, not fruit juices of tariff heading 2009. We base this advice on the World Customs Organisation Customs Tariff Explanatory Notes. The Customs Tariff Explanatory Notes for heading 2009 state: โthe addition of water to a fruit juice, or the addition to a concentrated juice of
Mar 25, 20241 min read
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ELECTRICAL VEHICLE SALE
The Ministry of Finance and Economic Management (MFEM) on behalf of Cook Islands Government recently conducted a sale by tender for eight (8) Electric Vehicles (EVs) recently used for the Pacific Islands Leaders Forum Meeting. The EVs for sale, the Hyundai IONIQ Electric 38.2kW Entry models, are well known for their eco-friendly design, energy-efficient performance, spaciousness and comfort, and excellent fast-charging capability. The EVs were being sold by MFEM on an โas
Mar 6, 20242 min read
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Mangaia Tax Visit 2024
Inland Revenue is scheduled to be in Mangaia next week from Monday 26 February to Thursday 29 February, 2024 and will be delivering tax information sessions in collaboration with BTIB and Tourism for 3 days from 27 - 29 February 2024. While on the island, we will be available to assist any Individual taxpayers and/or businesses who need help with meeting their 2023 tax filing requirements. We will be based at the Tourism & Culture office during the following hours: Pleas
Feb 23, 20241 min read
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MEDIA RELEASE - Starlink Kits
Starlink kits are subject to the same rules as all imports to the Cook Islands. There is no import duty payable on the kits, but they are subject to 15% VAT on importation. If imported through normal channels such as mail, courier or freight systems importers will pay 15% VAT on the price of the kits plus the costs of bringing them to the Cook Islands. There will also be associated costs such as import entry fees and Customs Brokers charges which will vary according to tr
Feb 23, 20241 min read
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PUBLIC NOTICE - To all our Excise Clients
This is a reminder to all our CCA License Holders for the manufacture of excisable goods. As of 1 January 2024, all excise declarations are to be lodged into the ASYCUDA World (AW) system. Please note that January excise declarations and payments are due by the 20 February 2024. Payments will not be accepted without an ED4 excise declaration in the ASYCUDA system. This is a start of a new system for excise declarations and payments. These arrangements will be enforced
Feb 9, 20241 min read
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Notice to all Pa Enua Individual Taxpayers
Due to the changes in the Standard supplemental deduction (tax exemption) for the Pa Enua from 1 July 2023, Inland Revenue will need to complete manual assessments of all individual Pa Enua tax returns for the 2023 year. The automatic assessment generated by the Tax System will be incorrect Completing manual assessments will cause some delays in processing Pa Enua tax returns. Inland Revenue will be doing everything we can to minimize these delays, however, there are some
Feb 6, 20242 min read
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Domestic Shipping Roadmap and Government run domestic fleet
On the 17 October 2023, Cabinet approved the Domestic Shipping Roadmap effectively setting the scene for the establishment of a government run domestic fleet, and supporting the retention of domestic shipping responsibilities to the Ministry of Finance and Economic Management (MFEM) through the Major Projects and Procurement Service Division (MPPS) for a transition period of up to three (3) years. During this 3 year period. MPPS will be required to deliver: A two (2) ship gov
Jan 31, 20242 min read
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