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\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 \fs20\lang2057\langfe5129\cgrid\langnp2057\langfenp5129 {\b\fs24\insrsid2692165 COOK ISLANDS
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\b\fs24\insrsid2692165 COOK ISLANDS INCOME TAX AMENDMENT ACT}{\b\fs24\insrsid2163745  1991}{\b\fs24\insrsid2692165 
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\fs24\insrsid2692165 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1133418 {\fs24\insrsid2692165 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\fs24\insrsid2692165 Title
\par 1. Short Title
\par 2. Income wholly exempt from taxation
\par 3. Assessable income
\par 4. Withholding tax
\par 5. Statute of limitation
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\fs24\insrsid2692165 ---------------------------------------------------}{\fs24\insrsid2692165\charrsid2692165 
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\b\fs24\insrsid7625491\charrsid1133418 1991}{\b\fs24\insrsid2692165\charrsid1133418 , No. 30
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\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4010757 {\fs24\ul\insrsid13256014\charrsid4010757 An}{\fs24\ul\insrsid7625491\charrsid4010757  }{\fs24\ul\insrsid13256014\charrsid4010757 Act to amend the Income Tax }{
\fs24\ul\insrsid7625491\charrsid4010757 Act 1917
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\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\fs24\insrsid13256014\charrsid2692165 (18 December 1991
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13256014 {\fs24\insrsid13256014 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\b\fs24\insrsid2692165\charrsid1133418 BE IT ENACTED}{\fs24\insrsid2692165\charrsid2692165 
 by the Parliament of the Cook Islands in Session assembled, and by the authority of the same as follows:
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13256014 {\fs24\insrsid2692165\charrsid2692165 
\par }{\fs24\insrsid13256014\charrsid2692165 1. }{\fs24\ul\insrsid13256014\charrsid2692165 Short Title}{\fs24\insrsid13256014\charrsid2692165  }{\fs24\insrsid2692165 - }{\fs24\insrsid13256014\charrsid2692165 
(1) This Act may be cited as the Income Tax Amendment Act 1991 and shall be read together with and deemed part of the Income Tax Act 1972 (hereinafter referred to as "the Principal Act").
\par }{\fs24\insrsid7625491\charrsid2692165 
\par 2.}{\fs24\insrsid13256014\charrsid2692165  }{\fs24\ul\insrsid2692165\charrsid2692165 Income wholly exempt from taxation}{\fs24\insrsid1133418  -}{\fs24\insrsid2692165  Paragraph 48(1)(v) 
of the principal Act is revoked and the following new paragraph is substituted thereto:
\par }{\fs24\insrsid13256014\charrsid2692165 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2692165 {\fs24\insrsid7625491\charrsid2692165 
"(v) income derived directly from a foreign source of funds given or extended in the context of international foreign aid to any employer resident outside th}{\fs24\insrsid13256014\charrsid2692165 e Cook Islands (including any g}{
\fs24\insrsid7625491\charrsid2692165 
overnment), by any person, who is not ordinarily resident in the Cook Islands, employed by any such employer pursuant to any agreement or agreements between the Cook Islands Government and tile employer or dollar in connection with any
 development project in the Cook Islands or tile provision of specialised services to any public authority within meaning of this Act. In the case of any such agreement or agreements, the Minister shall supply to t}{\fs24\insrsid13256014\charrsid2692165 
he Co}{\fs24\insrsid7625491\charrsid2692165 llector a certifica}{\fs24\insrsid13256014\charrsid2692165 t}{\fs24\insrsid7625491\charrsid2692165 e i}{\fs24\insrsid13256014\charrsid2692165 n}{\fs24\insrsid7625491\charrsid2692165  r}{\fs24\insrsid2692165 
espec}{\fs24\insrsid7625491\charrsid2692165 t of each }{\fs24\insrsid13256014\charrsid2692165 s}{\fs24\insrsid7625491\charrsid2692165 uch agreement or agreements.".
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\fs24\ul\insrsid13256014\charrsid2692165 e income}{\fs24\insrsid13256014\charrsid2692165  }{\fs24\insrsid2692165 - }{\fs24\insrsid13256014\charrsid2692165 Paragraph 50(1)}{\fs24\insrsid7625491\charrsid2692165 (f) of t}{
\fs24\insrsid13256014\charrsid2692165 h}{\fs24\insrsid7625491\charrsid2692165 e }{\fs24\insrsid2692165 principal Act is revoked and replaced by the following paragraph:
\par }{\fs24\insrsid7625491\charrsid2692165 
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\fs24\insrsid7625491\charrsid2692165 ayme}{\fs24\insrsid2692165 nt}{\fs24\insrsid7625491\charrsid2692165 s}{\fs24\insrsid13256014\charrsid2692165  }{\fs24\insrsid7625491\charrsid2692165 for}{\fs24\insrsid13256014\charrsid2692165  }{
\fs24\insrsid7625491\charrsid2692165 t}{\fs24\insrsid13256014\charrsid2692165 h}{\fs24\insrsid7625491\charrsid2692165 e}{\fs24\insrsid13256014\charrsid2692165  }{\fs24\insrsid7625491\charrsid2692165 supply,}{\fs24\insrsid2692165  }{
\fs24\insrsid7625491\charrsid2692165 i}{\fs24\insrsid2692165 n connection}{\fs24\insrsid7625491\charrsid2692165  }{\fs24\insrsid13256014\charrsid2692165 with the carrying on of a busin}{\fs24\insrsid7625491\charrsid2692165 ess, of 
scientific, technical, industrial, or c}{\fs24\insrsid2692165 o}{\fs24\insrsid7625491\charrsid2692165 mmerci}{\fs24\insrsid2692165 a}{\fs24\insrsid7625491\charrsid2692165 l knowledge, i}{\fs24\insrsid2692165 n}{\fs24\insrsid7625491\charrsid2692165 fo}{
\fs24\insrsid2692165 r}{\fs24\insrsid7625491\charrsid2692165 mation, assistance, or }{\fs24\insrsid13256014\charrsid2692165 s}{\fs24\insrsid7625491\charrsid2692165 ervic}{\fs24\insrsid2692165 es}{\fs24\insrsid7625491\charrsid2692165 ."
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\par }{\fs24\insrsid7625491\charrsid2692165 4. }{\fs24\ul\insrsid7625491\charrsid2692165 Wit}{\fs24\ul\insrsid13256014\charrsid2692165 h}{\fs24\ul\insrsid7625491\charrsid2692165 holdin}{\fs24\ul\insrsid13256014\charrsid2692165 g}{
\fs24\ul\insrsid7625491\charrsid2692165  tax}{\fs24\insrsid7625491\charrsid2692165  }{\fs24\insrsid2692165 - }{\fs24\insrsid7625491\charrsid2692165 (1) Subsection 104(2) of the }{\fs24\insrsid13256014\charrsid2692165 P}{
\fs24\insrsid7625491\charrsid2692165 rinci}{\fs24\insrsid13256014\charrsid2692165 pal}{\fs24\insrsid7625491\charrsid2692165  Act is amended by deleting the word "or" immediately after the word "dividends" and substituting thereto the word "and".
\par }{\fs24\insrsid13256014\charrsid2692165 
\par }{\fs24\insrsid7625491\charrsid2692165 (2) Subsection 1.04(2) is further amended by inserting comma immediately after the word "interest".
\par }{\fs24\insrsid13256014\charrsid2692165 
\par }{\fs24\insrsid7625491\charrsid2692165 (3) Subsection 3.04(2) is further amended by adding immediately after the word "paid" the words "to a non}{\fs24\insrsid1133418 -}{\fs24\insrsid7625491\charrsid2692165 resident of the Cook Islands,".
\par }{\fs24\insrsid2692165 
\par }{\fs24\insrsid7625491\charrsid2692165 5.}{\fs24\insrsid2692165  }{\fs24\ul\insrsid7625491\charrsid2692165 Statute of Limitation}{\fs24\insrsid7625491\charrsid2692165  }{\fs24\insrsid2692165 - }{\fs24\insrsid7625491\charrsid2692165 
The principal Act is amended adding thereto the following new section:}{\fs24\insrsid7625491 
\par }{\fs24\insrsid2692165\charrsid2692165 
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\fs24\ul\insrsid2692165\charrsid2692165 n}{\fs24\insrsid2692165  - }{\fs24\insrsid7625491\charrsid2692165 No statute of limitatio}{\fs24\insrsid2692165 n}{\fs24\insrsid7625491\charrsid2692165 
 shall bar or affect any action or remedy for the recovery of tax."}{\fs24\insrsid7625491 
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2692165 {\fs24\insrsid2692165 -------------------------------------------
\par }{\fs24\insrsid2692165\charrsid2692165 
\par }{\fs24\insrsid7625491\charrsid2692165 This Act is admin}{\fs24\insrsid2692165 istered by the Inland Re}{\fs24\insrsid7625491\charrsid2692165 venue Department}{\fs24\insrsid7625491 
\par }}