TONGA

INDUSTRIAL DEVELOPMENT INCENTIVES (AMENDMENT) ACT 1992

Act 27 of 1992

AN ACT TO AMEND THE INDUSTRIAL INCENTIVES ACT

I assent,

TAUFA'AHAU TUPOU IV,
17th November, 1992

[2nd November, 1992]

BE IT ENACTED by the King and the Legislative Assembly of Tonga in the Legislature of the Kingdom as follows:

1. (1) This Act may be cited as the Industrial Development Incentives (Amendment) Act 1992.

(2) The Industrial Development Incentives Act (Cap 114) as amended, is in this Act referred to as the Principal Act.

2. Section 2 of the Principal Act is amended by inserting the following definition:

"Export oriented manufacturing Industry" means an enterprise which is engaged in or is desirous of engaging in manufacturing and exports at least 90% of it's annual sales."

3. Section 3(1) of the Principal Act is amended by inserting after the words "packaging industry" the words: "construction of factory buildings for rent".

4. Section 7 of the Principal Act is amended by deleting subsection (2) and by renumbering subsections (3) and (4) as subsections (2) and (3) respectively.

5. Section 9 of the Principal Act is amended by deleting subsection (1) and by renumbering subsections (2) and (3) as subsections (1) and (2) respectively.

6. Sections 10 and 11 of the Principal Act are deleted.

7. Section 13(1) of the Principal Act is amended by inserting after the words "capital goods" the following words "other than motor vehicles".

8. Section 13 of the Principal Act is further amended by adding the following subsections:

"(3) Export oriented manufacturing industries, hotels and cruising vessels which are granted development licences, shall be fully exempt from payment of Port and Service Tax".

Passed in the Legislative Assembly this 2nd day of November 1992.

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