Final Settlement System (FSS) (Amendment) Rules, 2014

L.N. 260 of 2014

INCOME TAX MANAGEMENT ACT

(CAP. 372)

Final Settlement System (FSS) (Amendment) Rules, 2014

IN EXERCISE of the powers conferred by articles 23 and 58 of

the Income Tax Management Act, the Minister for Finance has made

the following rules:-

(1) The title of these rules is the Final Settlement Citation and

System (FSS) (Amendment) Rules 2014, and these rules shall be read commencement.

and construed as one with the Final Settlement System (FSS) Rules, S.L. 372.14

hereinafter referred to as “the principal rules".

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

from the year of assessment 2015.

In rule 2 of the principal rules, the definition of Amendment of

rule 2 of the

"emoluments" shall be amended as follows

principal rules.

(a)

in paragraph (i) thereof, for the words "of the

Income Tax Act;" there shall be substituted the words "of the

Income Tax Act and any income exempt under article 12 of the

said Act which would have been chargeable under the said

article 4(1)(b) but for the said exemption;"; and

(b) in paragraph (ii) thereof, for the words "paragraph

(d) of the said subarticle;" there shall be substituted the words

"article 4(1)(d);".

Schedule A to the principal rules shall be substituted by the Substitution of

Schedule A to

following new schedule

the principal

rules.

"Schedule A

(Rule 3)

€0.18