190 tal-2005 - Regoli ta’ l-2005 li jemendaw ir-Regoli dwar il-Formola tal-Prospett tat-Taxxa fuq l-Income għal Kumpannija, Korp Magħqud jew Intrapriża

L.N. 190 of 2005

INCOME TAX MANAGEMENT ACT

(CAP. 372)

Income Tax (Form of Return for a Company, Body Corporate or

Undertaking) (Amendment) Rules, 2005

IN virtue of the powers conferred by article 58 of the Income Tax

Management Act, the Prime Minister and Minister of Finance has made

the following rules>–

(1) The title of these rules is the Income Tax (Form of Return Title and

commencement.

for a Company, Body Corporate or Undertaking) (Amendment) Rules,

2005, and they shall be read and construed as one with the Income Tax

(Form of Return for a Company, Body Corporate or Undertaking) Rules, L.N. 36 of 1995.

1995, hereinafter referred to as “the principal rules”.

(2) These rules shall be deemed to have come into force as

from the year of assessment 2005.

Totals

Total Expenditure on agricultural activities

Net Income from agricultural activities

Expenditure apportioned

Deemed Income

Net income from non-qualifying sales

Profit adjustment [net] in page 3 of return

Withholding tax on qualifying sales considered as final

Deemed Income on qualifying sales taxed at 5% to be allocated to MTA [to page 6]

IRD - Malta

TRA 41

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

Name in full

Signature

Date

Immediately after rule 2 of the principal rules, there shall be Adds rule 3 to the

principal rules.

added the following new rule 3>

Any company which derives income from a

qualifying sale as defined in the Sale of Agricultural Produce

Rules, 2005 and to which rule 2 of these rules applies in respect

2005. of such income, shall fill in and deliver to the Commissioner

the form prescribed in Schedule XLI in the Second Schedule

to these rules by the tax return date for the year of assessment

in which the income was derived.”.

3. The following new Schedule XLI shall be added in the Second Adds Schedule XLI

to the principal

Schedule of the principal rules>–

rules.

Schedule XLI

Inland Revenue

Sale of Agricultural Produce Rules, 2005

Are you exercising the option in terms of Rule 15 ?

Irrevocable Notice in terms of Rule 15

I do hereby exercise the option contemplated by Rule 15 and have my tax liability for the year of

assessment 2005 determined on the basis of actual sales of qualifying produce less all direct

expenditure incurred during the year. I am also directing that the three percent (3%) tax withheld

during the year, as indicated below, will be credited to my account. I am fully aware that this notice is

irrevocable and declare that proper books of account have been kept and will be provided to the

Commissioner upon request.

Signature

Sale of Agricultural Produce

Payor Details [must be supported by AS3(s)]

Non-qualifying

Withholding

Total Sales

Qualifying Sales

Name

SAP No.

Sales

tax