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{\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7957737 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid7957737 COOK ISLANDS
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\fs24\lang2057\langfe1033\langnp2057\insrsid7957737\charrsid15664201 axing Act
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\fs24\ul\lang2057\langfe1033\langnp2057\insrsid7957737\charrsid7957737 Tax
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\fs24\lang2057\langfe1033\langnp2057\insrsid7957737  }{\fs24\lang2057\langfe1033\langnp2057\insrsid7957737\charrsid15664201 of income tax
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\fs24\lang2057\langfe1033\langnp2057\insrsid7957737 
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\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 Validation}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
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\b\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid7957737 
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\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7998819 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472 An Act to fix the rate of income tax and bonus issue ta}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid4786472 x}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472  for the year commencing on the 1st day of January 1991}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116 
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\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  by the Parliament of the Cook Islands in Session assembled, and by the authority of the same, as follows:}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid15664201 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid15664201\charrsid15664201  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472 Short Title}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid7998819  }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 - }{\fs24\lang2057\langfe1033\langnp2057\insrsid4662696 T}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 his Act may be cited as the Income Tax (Annual 1991) Act 1991 and shall be read together with and deemed part of the Income Tax Act 1972 (hereinafter referred to as "the principal Act").
}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid15664201 
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\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  - For the purposes of the principal Act, this Act shall be deemed to be an annual taxing Act fixing the rates of income tax and bonus issue tax for the year that commenc
ed on the 1st day of January 1991.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid15664201 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid15664201\charrsid15664201  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472 Rates of income tax}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  - For the year commencing on the 1st day of Jan}{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472 uary 1991 income tax shall be assess}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 ed, levied, and paid, pursuant to Part V of the principal Act, at the rate specified in the First Schedule to that Act (as amended by clause 5 of t}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4662696 he Income Tax Amendment Act 198}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 9).}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid15664201 
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\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid15664201\charrsid15664201  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4786472 Rates of bonus }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid4786472 Issue Tax}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  -}{\fs24\lang2057\langfe1033\langnp2057\insrsid15664201\charrsid15664201  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 For the year commencing on the 1st day of January 1991 bonus issue tax shall be assessed, l}{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472 evied, and paid, pursuant to Par}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 t VIII of the principal Act, at}{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472  }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 the rate specified }{
\fs24\lang2057\langfe1033\langnp2057\insrsid4786472 i}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 n clause 5 of Part A of the First Schedule to that Act.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid15664201 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid15664201\charrsid15664201  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4786472\charrsid4607116 V}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid4607116 alidation}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  - All i}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 ncome tax and all bonus issue }{
\fs24\lang2057\langfe1033\langnp2057\insrsid4662696 tax}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201  assessed, levied, and paid for t}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 he year commencing on the 1st day}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4662696  of }{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 January 1991 is hereby validated and declared to be, and always }{\fs24\lang2057\langfe1033\langnp2057\insrsid7998819 to }{
\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 have been, lawfully assessed, levied, and paid.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par 
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\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15664201 {\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7998819 {\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 This Act is administered by}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116\charrsid15664201 
 the Inland Revenue Department.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4607116 
\par }}