Tax Credit (Construction Waste Recycling) Rules, 2018

L.N. 209 of 2018

INCOME TAX ACT

(CAP. 123)

Tax Credit (Construction Waste Recycling) Rules, 2018

IN EXERCISE of the powers conferred by article 14(2) of the

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

following rules:-

The title of these rules is Tax Credit (Construction Waste

Recycling) Rules, 2018.

In these rules, unless the context otherwise requires

"authorised person" means a person who is in possession of a

permit issued by the Environment and Resources Authority for the

acceptance in his quarry of construction and demolition material from

third parties;

"qualifying services" means the acceptance by an authorised

person of construction and demolition material from third parties at a

fee not exceeding five euro and fifty cents (€5.50) per tonne;

"relevant year" means the calendar year 2017, 2018 or 2019.

(1) An authorised person who, during a relevant year,

provides qualifying services, may claim a tax credit equivalent to 25%

of the gross fees paid to him for the provision of those services

Provided that the tax credit shall not exceed the tax

chargeable on the income derived by the authorised person during that

year from the provision of those services.

(2) The claim for a tax credit in accordance with these rules

shall be made in such manner and on such form as the Commissioner

may approve and subject to the production of such documents or other

evidence as the Commissioner may require.

€0.09