LAWS OF ANTIGUA AND BARBUDA
Business Tm
(CAP. 65
1
CHAPTER 65
THE BUSINESS TAX ACT
Arrangement of Sections
Section
1. Short title.
2. Imposition of tax and Application.
3. Transitional Provisions.
BUSINESS TAX
(1st January, 1982.)
2211982.
1. This Act may be cited as the Business Tax Act. Sho*
2. (1) Notwithstanding any thing contained in the In- ~~~$~!'~?~~
come Tax Act (in this Act referred to as "the Act") every Cap. 212.
individual to whom the Business Registration Act applies Cap. 64.
(that is to say, an individual to whom this Act applies) shall
be chargeable to the income tax imposed by the Act in respect
of the income derived from his business.
(2) The income tax imposed by the Act upon the
chargeable income of an individual to whom this Act applies
shall be charged at the rate of twenty-five per centum on
every dollar of the chargeable income.
(3) For the purposes of the Act, and only for those
purposes, an individual to whom this Act applies is hereby
LAWS OF ANTIGUA AND BARBUDA
2
CAP. 65)
Business Tax
deemed to be a company and, subject to this Act, the provi-
sions of the Act as to liability to and assessment and collec-
tion of the income tax imposed by the Act shall apply to
the chargeable income of that individual in like manner as
if he were a company.
Transitional
Provisions.
3. (1) Where an individual to whom this Act applies
has incurred capital expenditure to which subsection (2) of
section 10 of the Act applies, and any part of that expen-
diture could, prior to the coming into operation of the Income
2211976. Tax (Amendment) Act, 1976, have been allowed as a deduc-
tion from the income of that individual during any of the
five years immediately preceding the date on which this Act
comes into operation, such part of such expenditure shall
not be deductible from income arising during any year of
assessment after this Act comes into operation.
(2) In determining for the purposes of this section which
parts of expenditure could have been allowed,