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\fs24\lang2057\langfe1033\langnp2057\insrsid6499888 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 supply}{\fs24\lang2057\langfe1033\langnp2057\insrsid6499888 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 Exempt supplies \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13585285 {\fs24\lang2057\langfe1033\langnp2057\insrsid12024834 ------------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 ----------- \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13585285 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 1998, No. 20 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12024834 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 An Act to amend the Value Added Tax Act 1997 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13585285 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 (2 December 1998 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 \par BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 by the Parliament of the Cook Islands in Session assembled, and by the authority}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 of the same, as follows: \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 Short Title and commencement}{ \fs24\lang2057\langfe1033\langnp2057\insrsid2706382\charrsid12024834 }{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 (1)}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 This Act may be cited as the Valu e Added Tax Amendment Act 1998 and shall be read together with and deemed part of the Value Added Tax Act 1997, (hereinafter referred to as "the principal Act"). \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 This Act shall be deemed t}{ \fs24\lang2057\langfe1033\langnp2057\insrsid13585285 o have come into force on the 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 st day of}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 October 1998. \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 Extended meaning of the term "supply}{ \fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 - }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 The principal Act is amended by deleting subsection (5) of section 3 and substituting the following new subsection}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13585285 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 "(5) }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 Subject to the provisions of section 10(3)(a), if a person pays an amount of money to partici pate in Tattslotto or another legal game of chance, the money paid is to be treated as consideration for a supply of services by the person conducting the game of chance." \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid13585285 Exempt supplies}{ \fs24\lang2057\langfe1033\langnp2057\insrsid2706382 - }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 The principal Act is amended inserting after item 3 of the First Schedule the following item}{ \fs24\lang2057\langfe1033\langnp2057\insrsid2706382 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13585285 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 "4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid2706382 }{ \fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 Proceeds from the sales of raffles by schools for the purpose of the advancement of education." \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13585285 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 --------------------- \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2706382 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12024834 {\fs24\lang2057\langfe1033\langnp2057\insrsid13585285\charrsid2706382 This Act is administered by the Revenue Management Division of the Ministry of Finance and Economi c Management. \par }}