Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974

S 1 amended by No 199 of 1992.

S 3 repealed by No 143 of 2007, s 3 and Sch 7 item 69, effective 24 September 2007. S 3 formerly read:

SECTION 3 REPEAL  
3(1)
The Income Tax (Non-resident Dividends and Interest) Act 1967 and the Income Tax (Non-resident Dividends and Interest) Act 1973 are repealed.

3(2)
The Acts repealed by subsection (1) and the Acts to which subsection 3(2) of the Income Tax (Non-resident Dividends and Interest) Act 1967 applies continue in force for all purposes in connexion with income tax and social services contribution, and income tax, payable in accordance with section 128B of the Income Tax and Social Services Contribution Assessment Act 1936-1959, or of that Act as amended and in force at any time, in respect of income to which that section applied that was derived before the commencement of this Act.

S 4 amended by No 143 of 2007, s 3 and Sch 7 item 70, by substituting "Income Tax Assessment Act 1936" for "Income Tax Assessment Act 1936-1974", effective 24 September 2007.

S 6 substituted by No 199 of 1992.

S 7 amended by No 143 of 2007, s 3 and Sch 7 item 71, by substituting para (a), effective 24 September 2007. Para (a) formerly read:

(a) in respect of income to which subsection (4) of section 128B of the Assessment Act applies:

(i) in the case of income derived by a resident of Papua New Guinea - 15%; or

(ii) in any other case - 30%; and

S 7 amended by No 199 of 1992 and substituted by No 167 of 1973.

S 8 repealed by No 143 of 2007, s 3 and Sch 7 item 72, effective 24 September 2007. S 8 formerly read:

SECTION 8 SECTIONS 104 AND 221YB OF ASSESSMENT ACT  
8
For the purposes of subsection (1) of section 104, and subsection (3) of section 221YB, of the Assessment Act, this Act shall be deemed not to be an Act declaring rates of income tax.