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Niue Sessional Legislation |
NIUE
INCOME TAX AMENDMENT (No.2) ACT 2011
Act No. 314
An Act to amend the Income Tax Act 1961
1 Title
This is the Income Tax Amendment (No.2) Act 2011.
2 Interpretation
In this Act "principal Act" means the Income Tax Act 1961.
3 Section 41A of the principal Act amended
Section 41A of the principal Act is amended by deleting subsection (3).
4 Schedule 3 of the principal Act amended
Schedule 3 of the principal Act is repealed and replaced by the following: –
"Schedule 3
Low income rebate
(Section 41A)
| Category | Amount of assessable income of Taxpayer | Rebate |
| For a person whose primary employment earnings are not derived from employment in the Niue Public Service or a statutory body | $20,000 a year or less | $2,000 |
| For every other person | $10,000 a year or less | An amount equal to the income tax that would otherwise be payable on the assessable income of the taxpayer or $1,000 whichever is
the lesser amount |
| | More than $10,000 a year but less than $20,000 a year | $1,000 less 10 cents for each dollar of assessable income of the taxpayer in excess of $10,000" |
_______________
I, AHOHIVA LEVI, Speaker of the Niue Assembly, hereby certify that the requirements of Article 34 of the Niue Constitution have been duly complied with.
SIGNED AND SEALED at the Assembly Chambers this 1st day of December 2011
Speaker of the Niue Assembly
COUNTERSIGNED in the presence of the Speaker
Clerk of the Niue Assembly
_______________
This Bill was passed by the Niue Assembly on the 1st day of December 2011.
This Act is administered by the Tax Office.
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URL: http://www.paclii.org/nu/legis/num_act/ita2a2011223
