No. 21. Income Tax. 1967.


income tax and any tax of a similar character imposed by the
laws of that territory, and that it is expedient that those
arrangements should have effect, the arrangements shall have
effect in relation to income tax notwithstanding anything to
the contrary contained in any enactment.
 (2) On making of an Order under this section with
respect to arrangements relating to any territory forming part
of the Commonwealth section 90 shall cease to have effect as
respects that territory except in so far as the arrangements
otherwise provide.
 (3) Any Order made under this section may be revoked
by a subsequent Order.
 S (4) The Administrator in Council may make rules for
carrying out the provisions of any arrangements having effect
under this section.
 (5) Notwithstanding anything in any enactment con-
tained, an Order made under this section may be given retro-
spective effect from any date specified in the said Order.

 92. (1) The provisions of this section shall have effect Tax credits.
where, under section 91, tax payable (hereinafter called
"foreign tax") in respect of any income in the territory with
the Government of which the arrangements are made, is to be
allowed as a credit against tax payable in respect of that
income in the Colony.
 (2) The amount of the tax chargeable in respect of the
income shall be reduced by the amount of the credit:
 Provided that credit shall not be allowed against tax for
any year of assessment unless the person entitled to the income
is resident in the Colony for that year.
 (3) The credit shall not exceed the amount produced by
applying the "rate of tax" as defined in section 90 (4) to each
amount of income assessable in the Colony which is doubly
taxed and the total credit shall not exceed the total tax
chargeable before deducting any credit.
 (4) In computing the amount of the income-
 (a) where the tax chargeable depends on the amount re-
 ceived in the Colony the said amount shall be increased
 by the appropriate amount of the foreign tax in
 respect of the income;