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sachin nagar
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4:22 PM on October 31, 2008
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INCOME TAX (STATUTORY DATES)[S.L.372.161SUBSIDIARY LEGISLATION 372.16INCOME TAX (STATUTORY DATES) RULES27th July, 1999LEGAL NOTICE 127 of 1999, as amended by Legal Notice 78 of 2008.Title.Amended by:L.N. 78 of 2008.1.The title of these rules is the Income Tax (Statutory Dates)Rules.Tax return date.Cap. 372.2.The date by which a return of income is required to besubmitted in terms of article 10 of the Income Tax ManagementAct, hereinafter referred to as "the Act", ("tax return date") shall bedetermined as follows:(a) with respect to a return of income relating to any yearof assessment preceding the year of assessment 1999,the tax return date is the thirtieth of June of the relativeyear of assessment;(b) with respect to a return of income relating to the yearof assessment 1999 -Cap. 123.(i) in the case of a person to whom article 11(2) ofthe Income Tax Act applies the tax return date isthe thirtieth of September 1999;(ii) in any other case the tax return date is thethirty-first of August 1999; and(c) with respect to a return of income relating to the yearof assessment 2000 or any subsequent year ofassessment -Cap. 123.(i) in the case of a person to whom article 11(2) ofthe Income Tax Act applies the tax return date isthe last day of the ninth month following that towhich the accounts for the relative financialperiod are made or the thirty-first of March ofthe relative year of assessment, whichever is thelater;(ii) in any other case the tax return date is thethirtieth of June of the relative year ofassessment.Where a notice is not received.3.When a person chargeable with tax has not received thenotice mentioned in article 10(1) of the Act in respect of any yearof assessment for which he is so chargeable by the first day of themonth preceding that during which the relative tax return date fallsin accordance with the other provisions of these regulations, theprovisions of the said article 10 of the Act shall thereupon apply tothat person as if he has been duly served with a notice to furnish areturn and a self-assessment under subarticles (1) and (2) of thesaid article.
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2[S.L.372.16INCOME TAX (STATUTORY DATES)Date for makingelection under article 12 of the Act.4.The date by which an election may be made under article12 of the Act is:(a) with respect to the year of assessment 1999, thefifteenth of June 1999; and(b) with respect to the year of assessment 2000 or anysubsequent year of assessment, the thirtieth April ofthe relative year.Tax settlement date.Amended by:L.N. 78 of 2008.5.The date on which the tax for the year of assessment 1999and any subsequent year becomes due and payable by any person(the "tax settlement date") shall be determined as follows:(a) in the case of a person to whom article 12 of the Actapplies and who makes an election for the relative yearof assessment under and in accordance with thatsection, and subject to the provisions of article44(2B)(a) of the Act, the tax settlement date shall bethe last day of the month following that during which anotice in writing by the Commissioner requesting thepayment of the relative tax is served on that person orsuch later date as may be specified in that notice:Provided that the tax settlement date in the caseof any such person shall in no case be earlier than thetax return date for the relative year as determinedunder paragraph (b)(ii) or paragraph (c)(ii) ofregulation 2; and(b) in any other case, the tax settlement date shall be thedate falling on the tax return date applicable to thatperson for the relative year as determined underregulation 2:Cap. 364.Provided that, with respect to the tax for year ofassessment 2008 and subsequent years of assessment,where a determination in terms of article 47 of theDuty on Documents and Transfers Act has been madeas a consequence of the company satisfying subarticle(3)(e) of the said article, and until
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11:43 AM on November 06, 2008
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