Reduction of Additional Tax (Omissions) (Amendment) Rules,

L.N. 160 of 2006

INCOME TAX ACT

(CAP. 123)

Reduction of Additional Tax (Omissions) (Amendment) Rules,

IN exercise of the powers conferred by article 96 and by sub-item

(e) of item 3 of the Schedule to the Income Tax Act, the Prime Minister

and Minister of Finance has made the following rules>–

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

Tax (Omissions) (Amendment) Rules, 2006 and they shall be read and

construed as one with the Reduction of Additional Tax (Omissions)

Rules, 2003, hereinafter referred to as “the principal rules”.

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

23rd May, 2003.

In rule 10 of the principal rules, for the words “Nothing

contained in these rules shall prevent the Commissioner from exercising

any power vested in him to remit such part or all of the additional tax

chargeable as he may deem fit, provided that>” there shall be substituted

the words “Notwithstanding the provisions of these rules, the

Commissioner may remit such part or all of the additional tax chargeable

for the year of assessment 1999 and any subsequent year, as he may

deem fit, provided that>”.

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