{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\f448\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f449\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\f451\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\f452\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\f453\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f454\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}
{\f455\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f456\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;
\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;
\red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}}{\*\rsidtbl \rsid198724\rsid3755806\rsid5580154\rsid12522543\rsid13391881\rsid14841827}
{\*\generator Microsoft Word 10.0.6764;}{\info{\author marahare_d}{\operator blake_r}{\creatim\yr2004\mo6\dy4\hr9\min17}{\revtim\yr2006\mo2\dy7\hr15\min20}{\version6}{\edmins20}{\nofpages2}{\nofwords298}{\nofchars1701}{\*\company USP}{\nofcharsws1996}
{\vern16391}}\paperw12245\paperh15845\margl1440\margr1440 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\subfontbysize\hyphcaps0\formshade\horzdoc\dghspace120\dgvspace120\dghorigin1701\dgvorigin1984\dghshow0\dgvshow3
\jcompress\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\nolnhtadjtbl\rsidroot198724 \fet0\sectd \linex0\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}
{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}
{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain 
\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 COOK ISLANDS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 INCOME TAX (ANNUAL 1989) ACT 1989
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par Title
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3755806 1. Short title}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par 2. Annual Taxing Act
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3755806 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Income Tax
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 3. Rates of income tax for the year commencing 1 January 1989
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3755806 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Bonus Issue Tax
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 4. Rates of Bonus Issue Tax for year commencing 1 January 1989
\par 5. Validation
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\lang2057\langfe5129\langnp2057\insrsid3755806 -----------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 1989, No. 29
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3755806 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12522543 An Act to fi}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 
x the rates of income tax and bonus issue }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12522543 tax }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 for the year commencing on the}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5580154\charrsid14841827  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3755806 1}{\fs24\ul\lang2057\langfe5129\super\langnp2057\insrsid14841827\charrsid3755806 st}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3755806  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 day of January 1989
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 (22 December 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 989
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid13391881 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  by the }{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 Parliament of the Cook Islands in 
}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 Session assembled, }{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 and by the authority of the same, as }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
follows:}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
\par 1.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Short Title}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  This Act may be cited}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 as}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  
}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 Inc}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 ome Tax (Annual 1989) Act 1989 and shall be read together with and deemed part of the Income Tax Act 19}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 72 (hereinafter referred to as }{\fs24\lang2057\langfe5129\langnp2057\insrsid3755806 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 the principal Act}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3755806 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 ).
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Annual Taxing Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  For the purposes}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
he }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 principal Act,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 this}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 be deemed to be a}{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 n annual }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 taxing Act fixing the rates of income tax}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 and}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 bonus}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
is}{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 sue}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  tax for the year that commenced on the 1st day of Janua}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 ry}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  1989.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Income Tax
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
\par 3. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Rates of income tax for the year commencing 1 January}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12522543  1989 }{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 - }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 F}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 or the year commencing on the 1st day January}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 1989}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 , income tax }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 shall be assessed}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  levied and paid, pursuant}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 to}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 Part}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 
 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 V}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 
 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 principal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 Act,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
at}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 th}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 rates specified in the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  First Schedule of that Act (as amended by Clause 11 of the Inco}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13391881 me Tax Amendment (No }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 2) Act 1987}{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 )}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 .
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Bonus Issue Tax
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 4.}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827  Rates of Bonus Issue Tax for the year commencing }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12522543 1 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 January 1989}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  For the year commencing on the 1st day of January 1989, bonus issue t}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
ax shall be assessed, levied and }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 paid, pursuant to Part }{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 VIII of the Principal Act, at th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 e rate specified in clause }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 6 of Part A of the First Schedul}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
e of that Act.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par 5. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid14841827 Validation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5580154 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  All income tax and all bonus issue }{
\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 tax}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154  assessed, levied and paid f}{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 or the year commencing on the 1s}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 t day of January 1989, is hereby validated and declared to b}{\fs24\lang2057\langfe5129\langnp2057\insrsid12522543 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 , and always to have been, lawfully assessed, levied and pai}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 d.
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\lang2057\langfe5129\langnp2057\insrsid3755806 -----------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid14841827 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5580154 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14841827 {\fs24\lang2057\langfe5129\langnp2057\insrsid14841827\charrsid5580154 This Act is administered by the Inland Revenue Department.
\par }}