LAWS OF TUVALU

INCOME TAX ACT 1992 

INCOME TAX (REMOVAL OF TAX EXEMPTION) REGULATIONS 1995

(Section 82)

In exercise of the powers conferred by section 82 of the Income Tax Act 1992, the Minister, acting on the advice of the Cabinet, makes the following Regulations – 

Citation and Commencement

1. These Regulations may be cited as the Income Tax (Removal of Tax Exemption) Regulations 1995 and shall come into effect on 1st day of January, 1996.

Amendment of Schedule 1

2. The income tax exemption specified in Schedule 1 Part 4 Item 3 of the Income Tax Act 1992 shall no longer apply to the statutory corporations set out in the Schedule to the Regulations.

SCHEDULE

1. Development Bank of Tuvalu 
2. National Bank of Tuvalu 
3. National Fishing Corporation of Tuvalu 
4. Tuvalu Electricity Corporation 
5. Tuvalu Philatelic Bureau 
6. Tuvalu Provident Fund 
7. Tuvalu Telecommunications Corporation 
8. Vaiaku Lagi Hotel Corporation 

Made at Funafuti this day ……………….of December, 1995. 

Hon. Koloa Talake
G, COMMERCE AND INDUSTRIES

Published by exhibition at the Public Office of the day of December, 1995. 

SECRETARY TO GOVERNMENT