MT
Cooperation with Other Jurisdictions on Tax Matters
Table of Provisions (6)
Statutory Text (6 Articles)
L.N. 50 of 2022
INCOME TAX ACT
(CAP. 123)
Cooperation with Other Jurisdictions on Tax Matters
(Amendment) Regulations, 2022
IN EXERCISE of the powers conferred by articles 76 and 96 of
the Income Tax Act, the Minister for Finance and Employment has
made the following regulations:-
The title of these regulations is the Cooperation with Other Citation.
Jurisdictions on Tax Matters (Amendment) Regulations, 2022 and
these regulations shall be read and construed as one with the S.L.123.127.
Cooperation with Other Jurisdictions on Tax Matters Regulations,
hereinafter referred to as "the principal regulations".
Regulation 4A of the principal regulations shall be Amends
renumbered as sub-regulation (1) and immediately thereafter there regulation
the principal
shall be added the following new sub-regulation
regulations
"(2) The provisions of article 20 of the Income Tax
Management Act shall apply mutatis mutandis to the
powers of the Commissioner to verify that such person is
complying with the obligations set out in these
regulations.".
Paragraph (a) of sub-regulation (1) of regulation 6 of the Amends
principal regulations shall be substituted by the following new regulation
the principal
paragraph
regulations.
"(a) one thousand euro (€1,000) where the information
has not been submitted within the time-limit specified within the
Commissioner’s request; and".
Regulation 35 of the principal regulations shall be amended Amends
regulation 35 of
as follows
the principal
regulations.
(a) in sub-regulation (2) thereof, the words "business or
private address:" shall be substituted by the words "business or
private address."; and
(b)
the proviso to sub-regulation (2) thereof shall be
deleted.
Immediately after regulation 50 of the principal regulations
there shall be added the following new regulation
51. For the purposes of regulations 4A, 5, 6 and
35, where the notice is not made because the taxpayer
could not be found or for other reasons attributable to him
and the Commissioner publishes a notice in the Gazette
and in one or more daily newspapers stating that a notice
has been made and inviting the taxpayer to call for it at
the Department, then such notice shall also be deemed to
have been duly notified.".
€0.18