Inland Revenue.
This Ordinance for any year of assessment on any part of his income proves to the satisfaction of the Commissioner that he has paid, by deduction or otherwise, or is liable to pay Commonwealth income tax for that year of assessment in respect of the same part of his income, he shall be entitled to relief from tax paid or payable by him under this Ordinance on that part of his income at a rate thereon to be determined as follows--
(a) if the Commonwealth rate of tax appropriate to his case does not exceed the rate of tax appropriate to his case under this Ordinance, the rate at which relief is to be given shall be one-half of the Commonwealth rate of tax;
(b) if the Commonwealth rate of tax appropriate to his case exceeds the rate of tax appropriate to his case under this Ordinance, the rate at which relief is to be given shall be equal to the amount by which the rate of tax appropriate to his case under this Ordinance exceeds one-half of the Commonwealth tax.
(3) For the purposes of this section, Commonwealth income tax means any income tax charged under any law in force in any part of the Commonwealth (other than the United Kingdom or this Colony) if the legislature of that part or place has provided for relief in respect of tax charged on income both in that part or place and this Colony in a manner similar to that provided in this section.
(4) For the purposes of this section the rate of tax under this Ordinance shall be computed in the manner provided by subsection (3) of section 44 and the Commonwealth rate of tax shall be computed in a similar manner.
(5) Where a person is for any year of assessment resident both in the Colony and in a part or place in which Commonwealth income tax is charged, he shall for the purposes of this section be deemed to be resident where during that year he resides for the longer period.
[CAP. 112
(6) The expression "income" in section 44 and this section shall mean income or profits.
[46]
Schedule.
329
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Inland Revenue.
this Ordinance for any year of assessment on any part of his income proves to the satisfaction of the Commissioner that he has paid, by deduction or otherwise, or is liable to pay Commonwealth income tax for that year of assessment in respect of the same part of his income, he shall be entitled to relief from tax paid or payable by him under this Ordinance on that part of his income at a rate thereon to be determined as follows--
(a) if the Commonwealth rate of tax appropriate to his case does not exceed the rate of tax appropriate to his case under this Ordinance, the rate at which relief is to be given shall be one-half of the Commonwealth rate of tax;
(b) if the Commonwealth rate of tax appropriate to his case exceeds the rate of tax appropriate to his case under this Ordinance, the rate at which relief is to be given shall be equal to the amount by which. the rate of tax appropriate to his case under this Ordinance exceeds one-half of the Commonwealth
tax.
(3) For the purposes of this section, Commonwealth income tax means any income tax charged under any law in force in any part of the Commonwealth (other than the United Kingdom or this Colony) if the legislature of that part or place has provided for relief in respect of tax charged on income both in that part or place and this Colony in a manner similar to that provided in this section.
(4) For the purposes of this section the rate of tax under this Ordinance shall be computed in the manner provided by subsection (3) of section 44 and the Common- wealth rate of tax shall be computed in a similar manner.
(5) Where a person is for any year of assessment resident both in the Colony and in a part or place in which Commonwealth income tax is charged, he shall for the purposes of this section be deemed to be resident where during that year he resides for the longer period.
[CAP. 112
(6) The expression "income" in section 44 and this 30 of 1950, section shall mean income or profits.
[46]
Schedule.
329
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