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Income Tax (Annual 1976) Act 1977

COOK ISLANDS

INCOME TAX (ANNUAL 1976) ACT 1977

Examined and certified: Clerk-Assistant of the Legislative Assembly

In the name and on behalf of Her Majesty Queen Elizabeth the Second I hereby assent to this Act on this ......... day of 1977.

Chief Justice of the High Court

ANALYSIS

Title.
1. Short Title
INCOME TAX
2. Rates of income tax for year commencing 1 January 1976
BONUS ISSUE TAX
3. Rates of bonus issue tax for year commencing 1 January 1976

1977, No. 10

An Act to fix the rates of income tax and bonus issue tax for the year commencing on the 1st day of January 1976

(10 June 1977

BE IT ENACTED by the Legislative Assembly of the Cook Islands in Session assembled, and by the authority of the same, as follows:

1. Short Title

This Act may be cited as the Income Tax (Annual 1976) Act 1977, and should be read together with and deemed part of the Income Tax Act 1972.

INCOME TAX

2. Rates of income tax for year commencing 1 January 1976

For the year commencing on the 1st day of January 1976, income tax shall be assessed, levied, and paid pursuant to Part V of the Income Tax Act 1972 at the rates specified in the First Schedule to that Act.

BONUS ISSUE TAX

3. Rates of bonus tax for year commencing 1 January 1976

For the year commencing on the 1st day of January 1976, bonus issue tax shall be assessed, levied, and paid pursuant to Part VIII of the Income Tax Act 1972 at the rate specified in clause 6 of Part A of the First Schedule to that Act.

This Act is administered in the Inland Revenue Department.

RAROTONGA, COOK ISLANDS: Printed under the authority of the Cook Islands Government, by T. KAPI, Government Printer - 1977.