No. 21. Income Tax. 1967.


 PART II.
 IMPOSITION OF INCOME TAX.

 3. Income tax shall, subject to the provisions of this Charge of
Ordinance, be payable at the rate or rates specified hereafter Income Tax.
for the year of assessment commencing on the 1st day of Janu-
ary, 1968, and for each subsequent year of assessment upon the
income of any person accruing in or derived from the Colony
or elsewhere and whether received in the Colony or not in re-
spect of-
 (a) gains or profits from any trade, profession, or voca-
 tion, for whatever period of time such trade, pro-
 fession or vocation may have been carried on or
 exercised;
 (b) gains or profits from any employment, including the
 estimated annual value of any quarters or board or
 residence or of any other allowance or benefit granted
 in respect of employment whether in money or other-
 wise other than in respect of any passage to or from
 the Colony granted for leave purposes to Govern-
 ment Servants, or in the case of Non-Government
 Servants in respect of a passage to and from the
 colony granted at intervals of not less than four
 years;
 (c) the annual rental value of land and improvements
 thereon used by or on behalf of the owner or used
 other than at full rental value by the occupier, for
 the purpose of residence or enjoyment, and not for
 the purpose of gain or profit.
 (d) dividends, interest or discounts;
 (e) any pension, charge or annuity;
 (f) rents, royalties, premiums and any other profits
 arising from property;
 (g) any annual gains or profits not falling under any of
 the foregoing heads:
 Provided that in the case of income arising outside of
the Colony which is earned income or which arises to a person
who is not ordinarily resident in the Colony, or not domiciled in
the Colony, the tax shall be payable on the amount received in
the Colony, except that where any trade, profession or vocation
is carried on or exercised partly within and partly outside the
Colony by a resident body of persons or by a resident individual