404 tal-2003 - Regolamenti tal-2003 dwar Financial Intermediary Awtorizzat (Income minn Investiment)

L.N. 404 of 2003

INCOME TAX ACT

(CAP. 123)

Authorised Financial Intermediaries

(Investment Income) Regulations, 2003

BY virtue of the powers conferred by articles 41B and 96 of the

Income Tax Act, hereinafter referred to as “the Act”, the Minister of

Finance and Economic Affairs has made the following regulations>–

The title of these regulations is the Authorised Financial

Intermediaries (Investment Income) Regulations, 2003.

In these regulations,

“authorised financial intermediary” shall, for the purposes of

these regulations, mean a person who is registered as an authorised

financial intermediary for the purposes of the Collective Investment

Schemes (Investment Income) Regulations, 2001<

“investment income” shall have the meaning assigned to it

in article 41 of the Act<

“the investment income provisions” shall have the meaning

assigned to it in article 32 of the Act.

Notwithstanding the provisions of article 33 of the Act and

unless otherwise provided for in the Collective Investment Schemes

(Investment Income) Regulations, 2001, where a payment of investment

income is effected through the services of an authorised financial

intermediary as provided for in sub-paragraph (ii) of paragraph (c) of

article 41A of the Act, an authorised financial intermediary may collect

tax and pay the tax so collected by not later than the thirtieth day of

April following the year in which the payment of investment income

was made.

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