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Business Tax (Amendment) Act 2017

REPUBLIC OF NAURU

BUSINESS TAX (AMENDMENT) ACT 2017

No. 34 of 2017

An Act to amend the Business Tax Act 2016

Certified: 21st December 2017

Table of Contents

1 SHORT TITLE
2 COMMENCEMENT
3 AMENDMENT OF BUSINESS TAX ACT 2016
4 AMENDMENT OF SECTION 41

Enacted by the Parliament of Nauru as follows:

1. Short title

This Act may be cited as the Business Tax (Amendment) Act 2017.

2. Commencement

This Act commences upon certification by the Speaker.

3. Amendment of Business Tax Act 2016

The Business Tax Act 2016 is amended by the provisions of this Act.

4. Amendment of section 41

Section 41 is amended by inserting a new subsection (7):

'(7) The Secretary may, based on such evidence as may be available and to the best of his or her judgement, increase the amount of instalments payable by a person as required under subsection (2) or (3), if the instalments otherwise payable are significantly less than the estimated business profits tax liability for the tax year.'