Income Tax.


Rates of tax on
residents and
British
Subjects.


 (b) for charitable, religious, educational or scientific
 purposes of a public nature within the Colony or for
 such purposes which, being without the Colony, are
 approved by the Administrator in Council for the
 purpose of this paragraph:
 Provided always that the Commissioners are satisfied that
bona fide possession and enjoyment shall be conferred upon or
assured to the donee immediately upon receipt of the gift and
thereafter retained to the entire exclusion of any benefit to any
relative of the donor by contract or otherwise.

 PART VII.

 RATES OF TAX ETC.
 36. Tax at the following rates shall he charged, levied and
collected on the chargeable income of any individual who is
resident or a British Subject:-


on the first $ 500
on the next 500
on the next 500
on the next 500
on the next 500
on the next 500
on the next 500
on the next 500
on the next 500
on the next 1,500
on the next 1,500
on the next 2,500
on the next 2,500
on the next 2,500
Remainder


 501- 1,000
 1,001- 1,500
 1,501- 2,000
 2,001- 2,500
 2,501- 3,000
 3,001- 3,500
 3,501- 4,000
 4,001- 4,500
 4,501- 6,000
 6,001- 7,500
 7,501-10,000
10,001-12,500
12,501-15,000


centum
centum
centum
centum
centum
centum
centum
centum
centum
centum
centum
centum
centum
centum
centumn


Rates of tax on
companies ete.



Deduction of
tax from
dividends of
companies.


 37. Tax shall be charged, levied and collected on the
chargeable income of any company or any body of persons or
any individual to whom section 36 does not apply at the rate
of forty per centum.

 38. (1) Every company which is registered in the Colony
shall be entitled to deduct from the amount of any dividend paid
to any shareholder tax at the rate paid or payable by the company
(double taxation relief being left out of account) on the income
out of which such dividend is paid:


No. 21.


1967.