REPUBLIC OF NAURU
BUSINESS TAX (RATES OF TAX) (AMENDMENT) REGULATIONS 2018

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SL No. 15 of 2018
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Notified: 25th June 2018

Table of Contents

1	CITATION
2	COMMENCEMENT
3	AMENDMENT OF THE BUSINESS TAX ACT 2016
4	Amendment of Schedule 1

	

Cabinet makes the following Regulations under section 46 of the Business Tax Act 2016:
1	Citation
These Regulations may be cited as the Business Tax (Rates of Tax) (Amendment) Regulations 2018.
2	Commencement
These Regulations commence on 1 July 2018.
3	Amendment of the Business Tax Act 2016

These Regulations amend the Business Tax Act 2016.
 
4	Amendment of Schedule 1

Schedule 1 of the Act is omitted and substituted with the following: 
SCHEDULE 1
Sections 11, 12, 13 and 14
RATES OF TAX
(1)	The rate of business profits tax:

(a)	for a resident individual, is:
Taxable Income	Rate	

$0 – $250,000	
0%	

Above $250,000	
20%	

(b)	for a partnership, is 20% on taxable income reduced by $250,000 in respect of each resident individual member; 

(c)	for a trust, is 20% on taxable income reduced by $250,000 in respect of each resident individual beneficiary;

(d)	for a company:
Category 	Rate	
Category A: Resident company with annual gross revenue $0 - $15,000,000	20%	
Category B: Resident company with annual gross revenue above $15,000,000	25%	
Category C: Resident company controlled by a non-resident person associate	25%	
Category D: Non-resident company conducting business in Nauru through a Permanent Establishment	25%	

	

(e)	for any other person, is 20%.

(2)	The rate of small business tax is 2.5%. 

(3)	The rate of non-resident tax is 20%.

(4)	The rate of international transportation business tax is 0%.