ln_1982_31

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Policies of Insurance (Compounding of Duty) Regulations, 1982

5 Articles / Provisions · Malta

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Statutory Text (5 Articles)

Malta Government Gazette — Legal Notice 1982 31 — Policies of Insurance (Compounding of Duty) Regulations, 1982

Preamble — Policies of Insurance (Compounding of Duty) Regulations, 1982 Open official source

L.N.31 of 1982

DUTY ON DOCUMENTS ACT, 1981

(ACT NO. XXXI OF 1981)

Policies of Insurance (Compounding of Duty) Regulations, 1982

IN exercise of the po.wers conferred by section 22 of the Duty

on Documents Act, 1981 , the Minister of Finance has made the fol-

lowing regulations:-

l. These regulations may be cited as the Policies of Insurance

(Compounding of Duty) Regulations, 1982.

Gazzetta tal-Gvern ta' Malta — Avviż Legali 1982 31 — Regolamenti ta' 1·1982 dwar Poloz ta' Assigurazzjoni

Reg. 1 — Regolamenti ta' 1·1982 dwar Poloz ta' Assigurazzjoni Open official source

Da wn ir-regolamenti jistgħu jissejħu r-Regolamenti ta' 1-1982 Titolu.

dwar Poloz ta' Assigurazzjoni (Ħlas f'daqqa ta' Taxxa).

Malta Government Gazette — Legal Notice 1982 31 — Policies of Insurance (Compounding of Duty) Regulations, 1982

Reg. 2 — Policies of Insurance (Compounding of Duty) Regulations, 1982 Open official source

(1) Subject to the provisions of these regulations, the Com-

Payment of duty

by compounding. missioner may authorise that the payment of duty on policies of

insurance may be made by means of compounding.

(2) The total amount of duty paid in this manner shall

never be less than the total which would have been paid had the duty

been paid individually.

(3) Payment of the duty shall be made at such intervals

as the Commissioner may determine.

Malta Government Gazette — Legal Notice 1982 31 — Policies of Insurance (Compounding of Duty) Regulations, 1982

Reg. 3 Commissioner to control duty on policies of insurance. — Policies of Insurance (Compounding of Duty) Regulations, 1982 Open official source

The Commissioner shall exercise such control as he COl1-

siders necessary in regard to the payment of the duty due on policies of

insurance, the keeping of proper records of such policies and all

other ancillary matters.

Malta Government Gazette — Legal Notice 1982 31 — Policies of Insurance (Compounding of Duty) Regulations, 1982

Reg. 4 Penalties. — Policies of Insurance (Compounding of Duty) Regulations, 1982 Open official source

Any person who

(1)

(a) fails to abide with any requirement of the Commissioner

issued pursuant to these regulations; or

(b) prevents or obstructs the Commissioner from exercis-

ing such control as he may deem necessary for the purposes of

these regulations.,

shall be liable to a penalty not exceeding f500.

(2) The Commissioner may, at his discretion, remit or

reduce any penalty incurred under paragraph (1) hereof.

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