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Trade in Services Statistics Developments in New Zealand Shirley Nesbit Statistics New Zealand for OECD-EUROSTAT MEETING OF EXPERTS IN TRADE-IN-SERVICES STATISTICS (TIS) April 2004 Overview Background Increasing importance of trade in services “Other Services” project:

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trade in services statistics developments in new zealand

Trade in Services StatisticsDevelopments in New Zealand

Shirley Nesbit

Statistics New Zealand

for OECD-EUROSTAT MEETING OF EXPERTS IN TRADE-IN-SERVICES STATISTICS (TIS)

April 2004

overview
Overview
  • Background
    • Increasing importance of trade in services
  • “Other Services” project:
    • Current methodology
    • Project overview
    • Feasibility study
    • Population study
  • Other trade in services developments
    • Travel debits
    • BoP quality plan
  • Questions/feedback
current methodology other services
Current methodology - “other services”
  • Periodic benchmark census of “other services” transactors - 1989, 1992, 1999, 2005
  • Quarterly Survey of International Trade in Services and Royalties
  • + non-sampled estimate
  • Population maintenance
    • Business frame update survey - selected enterprises - in past 12 months, revenue/expenditure over $20,000 from overseas located enterprise(s) or individual(s), for services?
    • Enterprises identified through media reports, etc
    • => Annual update survey(\'births\' survey)
objectives of other services project
Objectives of “Other Services” project
  • Update census benchmark, undercoverage estimate.
  • Research “issues”.
  • Better meet needs of policy agencies.
  • Improve compliance with eg trade in services manual.
  • Update quarterly sample.
  • Investigate alternative means of collecting data that may reduce respondent burden, e.g. the use of administrative tax data.
feasibility study
Feasibility study
  • Ministry of Foreign Affairs and Trade (MFAT) - need for W120 by modes of supply by country as per Trade in Services manual.
  • Concept testing (March-April 2004)
    • interview to probe respondents\' record keeping systems - what data is available, how easy to supply in the forms specified in the Manual.
    • relatively easy to identify revenue (service exports) by country and type of service
    • some use zero rated GST returns to identify exports
    • less easy to categorise expenditure (service imports)
    • larger existing respondents compile data specifically for Statistics NZ.
    • W120 feasibility depended on what data stored in systems, load varies widely
    • much more difficult to identify value by modes of supply
  • Cognitive testing (May-June 2004)
    • test updated collection instrument
population study
Population study
  • Update population: use of (administrative) GST “zero rated sales” and other sources to identify possible ex/importers of services.
  • Examine relationship between zero rated GST returns and exports of services in the services survey.
  • Potential use of zero rated GST to:
    • update the quarterly survey population
    • replace/extend surveyed data in quarterly survey
zero rated gst supplies
Zero rated GST supplies
  • Zero-rated supplies are certain taxable supplies that are taxed at the rate of 0% rather than at the standard rate.These include:
    • the sale of a "going concern”
    • exported goods
    • duty-free goods
    • goods not in New Zealand at the time of supply
    • temporary imports
    • transport of passengers and goods to and from New Zealand
    • certain exported services
    • the first sale by a refiner of pure gold, silver, or platinum to a dealer in fine metal for investment purposes
other developments travel debits
Other developments - travel debits
  • Updating benchmark estimate to reflect current expenditure patterns NZ travellers
    • Survey of Returned Travellers September 2002 -June 2004 quarter
    • Expenditure by purpose (business, personal) by method of payment (credit card, other card, travellers cheque, cash, other) by country
    • Results for first year to be published soon
  • Quarterly estimation methodology using current expenditure information, including:
    • Survey of Debit Transactions = Overseas purchases and cash withdrawals by New Zealand residents, using New Zealand bank accounts
    • Survey of outward bound tour operators expenditure on prepaid overseas travel services by New Zealand residents from the survey of outward bound tour operators.
  • Updated travel debits series with March 2005 quarter BoP.
other developments bop quality plan
Other developments - BoP quality plan
  • Discussion document to be released in May 2004 on www.stats.govt.nz
  • Prioritising BoP quality issues, unmet needs.
  • Outcome = agreed BoP development plan.
questions feedback
Questions/feedback
  • Comments?
  • Questions?
  • Advice?
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