Reduction of Additional Tax (ln_2003_127) | MT

Malta Government Gazette — Legal Notice 2003 127 — Reduction of Additional Tax

Preamble — Reduction of Additional Tax Open official source

L.N. 127 of 2003

INCOME TAX ACT

(CAP. 123)

Reduction of Additional Tax

(Default in Furnishing Return) Rules, 2003

IN exercise of the powers conferred by article 96 and by item 10(b)

of the Schedule to the Income Tax Act, hereinafter referred to as “the

Act”, the Minister of Finance and Economic Affairs has made the

following rules>–

Malta Government Gazette — Legal Notice 2003 127 — Reduction of Additional Tax

Reg. 1 — Reduction of Additional Tax Open official source

(1) The title of these rules is the Reduction of Additional Title and

commencement.

Tax (Default in Furnishing Return) Rules, 2003.

(2) These rules shall apply in respect of the year of

assessment commencing on the 1st January, 2003 and subsequent years

of assessment.

In these rules>–

Malta Government Gazette — Legal Notice 2003 127 — Reduction of Additional Tax

Reg. 2 — Reduction of Additional Tax Open official source

Interpretation.

“additional tax” means the additional tax chargeable in

accordance with the provisions of article 56(12)(c) of the Act and

the provisions of the Schedule in respect of a default in furnishing

a return<

“Schedule” means the Schedule to the Act<

Malta Government Gazette — Legal Notice 2003 127 — Reduction of Additional Tax

Reg. 3 — Reduction of Additional Tax Open official source

The Commissioner may remit such part or all of the additional Certain powers of

the Commissioner.

tax otherwise due in accordance with the provisions of the Schedule, as

he may deem fit, provided that>

(a) the Commissioner may impose as a condition for any

such remission the requirement that the person concerned shall

not make another default in furnishing his return within such period

as the Commissioner may establish, as well as such other conditions

as he may deem fit>

(b) should any condition imposed by the Commissioner in

accordance with the provisions of paragraph (a) hereof be infringed

by the person concerned, any reduction of additional tax granted

by the Commissioner in addition to the reductions contemplated

by the other provisions of these rules shall be forfeited>

(c) if forfeiture is so due, under the provisions of sub-rule

(b) hereof, any additional reduction made under the provisions of

this rule shall be deemed to have been a suspension of liability to

the said additional tax, and not the cancellation of the relevant

additional tax<

(d) the Commissioner shall communicate in writing to the

person concerned any condition imposed under sub-rule (b) hereof,

the consequences of infringement of any such condition and, if

such is the case, the fact that forfeiture has been incurred.

Malta Government Gazette — Legal Notice 2003 127 — Reduction of Additional Tax

Reg. 4 Appeals. — Reduction of Additional Tax Open official source

The use of the Commissioner’s discretion for the purposes of

these rules shall not be questioned in any appeal.

Mitbug[ fl-Istamperija tal-Gvern – Printed at the Government Printing Press

Gazzetta tal-Gvern ta' Malta — Avviż Legali 2003 127 — ATT DWAR IT-TAXXA FUQ L-INCOME (KAP. 123) Regoli ta’ l-2003 dwar Tnaqqis ta’ Taxxa Addizzjonali (Nuqqasijiet meta jsir Prospett) BIS-SA{{A tas-setg[at mog[tija bl-artikolu 96 u l-in/i] 10(b)

Reg. 11 Appelli. — ATT DWAR IT-TAXXA FUQ L-INCOME (KAP. 123) Regoli ta’ l-2003 dwar Tnaqqis ta’ Taxxa Addizzjonali (Nuqqasijiet meta jsir Prospett) BIS-SA{{A tas-setg[at mog[tija bl-artikolu 96 u l-in/i] 10(b) Open official source

Id-diskrezzjoni tal-Kummissarju g[all-iskopijiet ta’ dawn ir-

regoli ma g[andha ti;i kontesta f’ebda appell.

Reduction of Additional Tax

Table of Provisions (6)

Statutory Text (6 Articles)

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