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Income Tax Rates Amendment Act 1999

SAMOA

Income Tax Rates Amendment
1999, No. 15

Arrangement of Provisions

1. Short title and commencement

2. Amendments to the First Schedule

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AN ACT to amend the Income Tax Rates Act 1974.

[30 June 1999]

BE IT ENACTED by the Legislative Assembly of Samoa in Parliament assembled as follows:

1. Short title and commencement-(1) This Act may be cited as the Income Tax Rates Amendment Act 1999 and shall be read with and form part of the Income Tax Rates Act 1974 (the "principal Act").

(2) This Act shall take effect from 1st January 2000.

2 Amendments to the First Schedule - The First Schedule to the principal Act is amended as follows by:-

(a) Amending clause 2 by deleting the amount of "50%" and replacing it with the amount of "29%";

(b) By adding paragraph (i) (g) to clause 6 as follows -

"(g) For the income year commencing on 1st January 2000 and succeeding years, 29% on all such taxable income"; and

(c) Amending clause 6A by deleting the words "30 sene" and replacing them with the words "29 sene"; and

(d) Adding paragraph (iv) to clause 7A as follows:

"(iv) on all income derived on or after 1st January 2000 not included under clauses 1 to 6A of this Schedule, the income tax payable on the taxable income shall be:

On so much of The rate of tax on

income as every tala shall be

Does not exceed $10,000 NIL

Exceeds $10,000 but does not

exceed $15,000 10%

Exceeds $15,000 but does not

exceed $20,000 20%

Exceeds $20,000 29%"

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