Complex sentence: 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 was increased to 15% on October 1,2010.
Split into simpler sentences: Goods and Services Tax (GST) is a value added tax introduced in New Zealand on October 1,1986 at 10%. It later increased to 12.5% on July 1,1989 and was further increased to 15% on October 1,2010.