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{\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 \fs20\lang2057\langfe5129\cgrid\langnp2057\langfenp5129 {\b\fs24\insrsid4476659 COOK ISLANDS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\b\fs24\insrsid4476659 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\b\fs24\insrsid4476659 TURNOVER TAX AMENDMENT ACT}{\b\fs24\insrsid14961499  1981}{\b\fs24\insrsid4476659 
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\fs24\insrsid4476659 ANALYSIS}{\fs24\insrsid4476659\charrsid4476659 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659 
\par }{\fs24\insrsid4476659\charrsid4476659 Title
\par }{\fs24\insrsid4476659 1. }{\fs24\insrsid4476659\charrsid4476659 Short Title and commencement}{\fs24\insrsid4476659 
\par 2. Interpretation
\par 3. Tax on export sales
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\fs24\insrsid4476659 ---------------------------------
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15430297 {\b\fs24\insrsid15430297 1981, No. 4
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659\charrsid4476659 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986175 {\fs24\ul\insrsid4476659\charrsid4476659 An Act to amend the Turnover Tax Act 1980
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\fs24\insrsid4476659\charrsid4476659 (17 July 1981}{\fs24\insrsid4476659 )
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659\charrsid4476659 
\par }{\b\fs24\insrsid4476659\charrsid15430297 BE IT ENACTED}{\fs24\insrsid4476659  by the Parliament of}{\fs24\insrsid15430297  the Cook Islands i}{\fs24\insrsid4476659\charrsid4476659 n session assembled, and by the authority of the same as follows:}{
\fs24\insrsid4476659 
\par }{\fs24\insrsid4476659\charrsid4476659 
\par 1. }{\fs24\ul\insrsid4476659\charrsid4476659 Short Title and Commencement}{\fs24\insrsid4476659\charrsid4476659  }{\fs24\insrsid4476659 -}{\fs24\insrsid4476659\charrsid4476659  This Act may be cited as the Turnover Tax Ame}{\fs24\insrsid15430297 
ndment Act 1981 and shall be rea}{\fs24\insrsid4476659\charrsid4476659 d together with and deemed part of the Turnover Tax Act 1980 (hereinafter referred to as }{\fs24\insrsid986175 "}{\fs24\insrsid4476659\charrsid4476659 the principal Act}{
\fs24\insrsid986175 "}{\fs24\insrsid4476659\charrsid4476659 ) and shall come }{\fs24\insrsid4476659 i}{\fs24\insrsid4476659\charrsid4476659 nto force on the 10th day of July 1981.}{\fs24\insrsid4476659 
\par }{\fs24\insrsid4476659\charrsid4476659 
\par 2.}{\fs24\insrsid4476659  }{\fs24\ul\insrsid4476659\charrsid4476659 Interpretation}{\fs24\insrsid4476659  - }{\fs24\insrsid15430297 (}{\fs24\insrsid4476659\charrsid4476659 1)}{\fs24\insrsid4476659  }{\fs24\insrsid4476659\charrsid4476659 Section}{
\fs24\insrsid4476659  }{\fs24\insrsid4476659\charrsid4476659 2 of}{\fs24\insrsid4476659  the Principal }{\fs24\insrsid4476659\charrsid4476659 Act is hereby}{\fs24\insrsid4476659  }{\fs24\insrsid4476659\charrsid4476659 furt}{\fs24\insrsid4476659 h}{
\fs24\insrsid4476659\charrsid4476659 er }{\fs24\insrsid4476659 amended}{\fs24\insrsid4476659\charrsid4476659  by in}{\fs24\insrsid4476659 serting}{\fs24\insrsid4476659\charrsid4476659  after the expression }{\fs24\insrsid986175 "}{
\fs24\insrsid4476659\charrsid4476659 Purchasing agent}{\fs24\insrsid986175 "}{\fs24\insrsid4476659\charrsid4476659  and its definition, the following:}{\fs24\insrsid4476659 
\par }{\fs24\insrsid4476659\charrsid4476659 
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\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659\charrsid4476659 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4476659 {\fs24\insrsid4476659 (a) }{\fs24\insrsid4476659\charrsid4476659 any processed agricultural, horticultural or marine products grown in the Cook Islands or any by}{
\fs24\insrsid4476659 -}{\fs24\insrsid4476659\charrsid4476659 product}{\fs24\insrsid4476659  }{\fs24\insrsid4476659\charrsid4476659 of any such agricultural, horticultural or marine product:}{\fs24\insrsid4476659 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\fs24\insrsid4476659\charrsid4476659 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid4476659 {\fs24\insrsid4476659 (b) }{\fs24\insrsid4476659\charrsid4476659 any goods which the Collector may from time to time determine by notice }{\fs24\insrsid15430297 i}{
\fs24\insrsid4476659\charrsid4476659 n the Gazette being goods which
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659 
\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid4476659 {\fs24\insrsid4476659 (i) }{\fs24\insrsid4476659\charrsid4476659 he is satisfied incorporate a significant degree of local processing or manufacture}{
\fs24\insrsid15430297 ;}{\fs24\insrsid4476659 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4476659 {\fs24\insrsid4476659 
\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid4476659 {\fs24\insrsid4476659 (ii) }{\fs24\insrsid4476659\charrsid4476659 he considers desirable to so determine, having regard to the economics of further local pr}{
\fs24\insrsid4476659 ocessing or manufacture the non-}{\fs24\insrsid4476659\charrsid4476659 traditional nature of the exporting of those goods, the prospects for the steady development of }{\fs24\insrsid4476659 a}{\fs24\insrsid4476659\charrsid4476659 
n export market on a profitable basis, the efficiency of the arrangements for the orderly marketing, and the effect of the exports of those goods on the supply and the price of like goods in the Cook Islands and the structure}{\fs24\insrsid4476659  }{
\fs24\insrsid4476659\charrsid4476659 of the local industry.}{\fs24\insrsid986175 "}{\fs24\insrsid4476659 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659\charrsid4476659 
\par (2) The Collector may in his discretion and at any time cancel the qualifying goods status of any goods so gazetted by giving notice thereof }{\fs24\insrsid4476659 i}{\fs24\insrsid4476659\charrsid4476659 n the Gazette.}{\fs24\insrsid4476659 
\par 
\par 3. }{\fs24\ul\insrsid4476659\charrsid12670510 Tax on export sales}{\fs24\insrsid4476659  }{\fs24\insrsid12670510 \endash }{\fs24\insrsid4476659  }{\fs24\insrsid12670510 Section 27 of the principal Act is amended by omitting the words }{
\fs24\insrsid986175 "}{\fs24\insrsid12670510 tangible personal property}{\fs24\insrsid986175 "}{\fs24\insrsid12670510  and substituting the words }{\fs24\insrsid986175 "}{\fs24\insrsid12670510 qualifying goods}{\fs24\insrsid986175 "}{
\fs24\insrsid12670510 .}{\fs24\insrsid4476659\charrsid4476659 
\par 
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\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\insrsid4476659 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12670510 {\fs24\insrsid12670510 This Act is administered in the Inland Revenue Department.}{\fs24\insrsid12670510\charrsid4476659 
\par }}