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{\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid6627616 
{\*\xmlopen\xmlns1{\factoidname PlaceName}}COOK{\*\xmlclose} ISLANDS}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid8748207 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid8748207 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid8748207 No. 18 of 2004
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid11142701 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid11142701 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid11142701 INCOME TAX AMENDMENT ACT 2004}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid13919660 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 Examined and certified by:
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid8458767 {\fs24\lang2057\langfe1033\langnp2057\insrsid8458767 ------------------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 Clerk of the Parliament}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 In the name and on behalf of Her Majesty Queen Elizabeth the Second I hereby assent to this Act this}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616  14th day of June 2004}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 
\par }\pard \qr \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid6954827 {\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 LAURENCE {\*\xmlopen\xmlns1{\factoidname place}}MURRAY{\*\xmlclose} GREIG}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 
\par Chief Justice of the {\*\xmlopen\xmlns1{\factoidname place}}Cook Islands{\*\xmlclose} }{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 
\par Exercising the functions and 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 powers of the Queen's}{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827  
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 Represen}{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 tative pursuant to 
\par Article 7(1) }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 of the Constitution }{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 of the {\*\xmlopen\xmlns1{\factoidname place}}Cook Islands{\*\xmlclose}
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid15418597 __________}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid15418597 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6954827 ANALYSIS
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 Title}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616  }{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 Short t}{
\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 itle and commencement}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \ql \li0\ri360\widctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 Arrangements purporting to alter}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616  }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 incidence of taxation to be void
}{\insrsid6627616 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 Certain deductions not permitted
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 Withholding tax imposed}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 

\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 Application of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 this Part}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 ____}{\fs24\lang2057\langfe1033\langnp2057\insrsid15418597 ______}{
\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid15418597\charrsid272255 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid15418597 2004}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid3818122 , No. 18}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid15418597 
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 An Act to amend the Income Tax Act 1997
\par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid6627616 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  by the Parliament of the {\*\xmlopen\xmlns1{\factoidname place}}Cook Islands{\*\xmlclose}
 in Session assembled, and by the authority of the same as follows:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 Short title and commencement}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  - (1) This Act may be cited as the Income Tax Amendment Act 2004 and shall be read together with and deemed part of the Income Tax Act 1997 ("the principal Act").}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 This Act is deemed to have come into force on 
{\*\xmlopen\xmlns1{\factoidname place}}1 January 2004{\*\xmlclose}, except section 4 which is deemed to have come into force on {\*\xmlopen\xmlns1{\factoidname place}}1 July 1997{\*\xmlclose}.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 
Arrangements purporting to alter incidence of taxation to be void}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  - Section 56 of the principa
l Act is amended by omitting the words "it has or purports to have the purpose or effect of in any way altering the incidence of income tax" and substituting the following words "it has or purports to have the purpose or effect, or one of its purposes or 
effects, of in any way altering the incidence of income tax".}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 Certain deductions not permitted}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  - Section 59(k)(ii) of the principal Act is amended by omitting the words "the dividends are included in the assessable income of a person under section 46(1)
(g) of this Act;" and substitutin}{\fs24\lang2057\langfe1033\langnp2057\insrsid6954827 g the words "the dividends }{\fs24\lang2057\langfe1033\langnp2057\insrsid15694174 i}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 
ncluded in the assessable income of a person in the same income year under section 6(1)(g) of this Act;".
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 Withholding tax imposed}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  - Section 100 of}{\fs24\lang2057\langfe1033\langnp2057\insrsid15141597  the principal Act is amended }{\fs24\lang2057\langfe1033\langnp2057\insrsid15141597\charrsid7030402 omitt}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid7030402 ing}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  the words "interest or royalties are paid by any}{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
 person who is not resident in {\*\xmlopen\xmlns1{\factoidname place}}C}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 ook Islands{\*\xmlclose}" and substituting the following words "int}{
\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 erest or royalties are paid to }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616\charrsid7030402 p}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid7030402 erson}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  who is not resident in the {\*\xmlopen\xmlns1{\factoidname place}}Cook Islands{\*\xmlclose}".
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6627616 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid272255  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid272255\charrsid6627616 Application of this Part}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255\charrsid272255  - Section 173(3) of the principal Act is amended by omitting the words "does not exceed $200" and substituting the following words "does not exceed $1,000".}{
\fs24\lang2057\langfe1033\langnp2057\insrsid272255 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13252527 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid13252527 ___________________
\par }\pard \ql \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid6505864 {\fs24\lang2057\langfe1033\langnp2057\insrsid6505864 
\par }\pard \qc \li0\ri360\nowidctlpar\wrapdefault\faauto\adjustright\rin360\lin0\itap0\pararsid9008503 {\fs24\lang2057\langfe1033\langnp2057\insrsid6505864 This Act is administered in the Revenue Management Division of the Ministry 
of Finance and Economic Management}{\fs24\lang2057\langfe1033\langnp2057\insrsid6505864\charrsid272255 
\par }}