AI-assisted research summary: This provision says laws in the Territory cannot be used to impose income tax, corporation tax, capital gains tax, or similar taxes on income, profits, gains, or capital.
BRITISH INDIAN OCEAN TERRITORY REVISED ORDINANCES OF THE BRITISH INDIAN OCEAN TERRITORY THE TAXATION ORDINANCE 1981 CHAPTER G.2 Revised Edition Showing the law as at 1 September 2020 Published by Authority REVISED ORDINANCES OF THE BRITISH INDIAN OCEAN TERRITORY THE TAXATION ORDINANCE 1981 CHAPTER G.2 Revised Edition Showing the law as at 1 September 2020 This is a revised edition of the law, prepared by the Law Revision Commissioner under the authority of the Law Revision Ordinance 2015 and contains a consolidation of the following laws: The Taxation Ordinance 1981 - Ordinance No.1 of 1981 As amended by: Ordinance No.4 of 2016 ã British Indian Ocean Territory Administration All rights reserved. No part of this publication may be reproduced in any form or by any means (including photocopying or copying in electronic format) without the written permission of the Commissioner of the British Indian Ocean Territory, or otherwise as permitted under the terms of a licence from the British Indian Ocean Territory Administration. 2 REVISED ORDINANCES OF THE BRITISH INDIAN OCEAN TERRITORY THE TAXATION ORDINANCE 1981 CHAPTER G.2 ARRANGEMENT OF SECTIONS Section Page 1. Citation. 4 2. Deleted on revision. 4 3. Taxes not to be imposed. 4 3 REVISED ORDINANCES OF THE BRITISH INDIAN OCEAN TERRITORY THE TAXATION ORDINANCE 1981 CHAPTER G.2 An Ordinance to discontinue the application in the British Indian Ocean Territory of laws providing for the imposition of taxes and certain duties. Citation. 1. This Ordinance may be cited as the Taxation Ordinance 1981, ROBIOT c.G.2. Deleted on revision. 2. Deleted on revision. Taxes not to be imposed. 3. No law having effect in the Territory pursuant to Section 3(2)(a) of the British Indian Ocean Territory (Constitution) Order 2004 shall have effect so as to require or permit the imposition within the Territory of any income tax, corporation tax, capital gains tax or any substantially similar tax upon income, profits, gains and capital whether arising within the Territory or outside it. _______________ 4 5 6