Home | Databases | WorldLII | Search | Feedback Cook Islands Sessional Legislation

  Download original PDF

Income Tax (Annual 1974) Act 1975

COOK ISLANDS

INCOME TAX (ANNUAL 1974) ACT 1975

ANALYSIS

Title
1 Short Title
INCOME TAX
2. Rates of income tax for year commencing 1 January 1974
BONUS ISSUE TAX
3. Rate of bonus issue tax for year commencing 1 January 1974

1975, No. 6

An Act to fix the rates of income tax and bonus issue tax for the year commencing on the 1st day of January 1974

(5 March 1975

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 1974) Act 1975, be shall be read together with and deemed part of the Income Tax Act 1972 (hereinafter referred to as "the principal Act").

INCOME TAX

2. Rates of income tax for year commencing 1 January 1974

For the year commencing on the 1st day of January 1974, 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. Rate of bonus issue tax for year commencing 1 January 1974

For the year commencing on the 1st day of January 1974, 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.