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\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 COOK ISLANDS}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 VALUE ADDED TAX AMENDMENT ACT 2001
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\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid3231817 ANALYSIS
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\par Title
\par 1. Short Title and commencement
\par 2. Extended meaning of term "supply"
\par 3. Registration of persons making taxable}{\fs24\lang2057\langfe1033\langnp2057\insrsid4550340\charrsid16017481  }{\fs24\lang2057\langfe1033\langnp2057\insrsid15925385\charrsid16017481 supplies}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 
\par 4. Cancellation of registration
\par 5. Calculation of tax payable or refund
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid4550340\charrsid16017481 -----------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 2001, No. 2
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\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3231817 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 An Act to amend the Val}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid15406305\charrsid16017481 u}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 e Added Tax Act 199}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 7}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
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\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (11 April 2001
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\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  by the Parliament of the Cook Islands in Session assembled, and by the auth
ority of the same, as follows:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 Short }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 title and comm}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 e}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 n}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 cem}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 ent}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
 - (1) This Act may be cited as the Value Added Tax Amendment Act 2001 and shall be read together with and deemed part of the Value Added Tax Act 1997 ("the principal Act").
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
Sections 2, 3 and 4 of this Act shall come into force on 1 July 2001.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (3)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
Section 5 of this Act shall be deemed t}{\fs24\lang2057\langfe1033\langnp2057\insrsid15925385\charrsid16017481 o have come into force on the 1st}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  day of
\par January 2000.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 Extended meaning of term "supply"}
{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  - Section 3(2) of the principal Act is amended by}{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid6777942 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 deleting the first word "If";
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\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13506295 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 inserting at the beginning, the words "Except in the case of any appropriation by Parliament to }{\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
any instrument of the Crown, if"}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 .
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid6777942\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
Registration of persons making taxable supplies}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  - Section 12(4) of the principal Act is amended by }{\fs24\lang2057\langfe1033\langnp2057\insrsid13506295\charrsid16017481 \endash }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13506295\charrsid16017481 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13506295 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 inserting in the second line of paragraph (b) after the word "date," the word "and";
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\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13506295 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 inserting after paragraph }{\fs24\lang2057\langfe1033\langnp2057\insrsid13506295\charrsid16017481 (b) the following new paragraph}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3231817 {\fs24\lang2057\langfe1033\langnp2057\insrsid3231817\charrsid16017481 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid13506295 {\fs24\lang2057\langfe1033\langnp2057\insrsid13506295\charrsid16017481 "(c) }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
The value of supplies to be made by the person in the course of carrying on the taxable activities is likely to exceed $15,000 for the year from the date of the application or from the specified date,"
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 Cancellation of registration}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  - Section 13 of the principal Act is amended by inserting in subsection (4) after the words "no longer liable" and before the words "to be registered" the words "or eligible".
\par 
\par 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 Calculation of tax payable or refund due}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481  - Section 16 of the principal Act is amended by-
\par 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 deleting from subsection (2)(b) the words "subsections (5), (6) and (7)" and substituting the words "subsections (5), (6), (7) and (10)";
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 deleting from (4)(c) the words "subsections (5) and (6)" and substituting the words "subsections (5), (6) and (10)";
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7417475 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (c)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 adding after subsection (9), the following new subsection \endash 
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\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 "(10)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 No deduction shall be made pursuant to paragraph (c) of subsection (4) of this section in respect of any supply where \endash 
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\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 A deduction is made pursuant to paragraph (a) of subsection (4) of this section in respect of the supply; or
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\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid7417475\charrsid16017481  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 The supply is a sale or transfer of any leasehold or sub-leasehold interest in any land or building by any person who is not a registered person".
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid16481843\charrsid16017481 ------------------------------------}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12066055 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3231817 {\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 This Act is administered by the Ministry of Finance and Economic Management}{
\fs24\lang2057\langfe1033\langnp2057\insrsid15925385\charrsid16017481 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid12066055\charrsid16017481 
\par }}