Final Settlement System (FSS) (Amendment) Rules, 2026

L.N. 176 of 2026

INCOME TAX MANAGEMENT ACT

(CAP. 372)

Final Settlement System (FSS) (Amendment) Rules, 2026

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

the Income Tax Management Act, the Minister responsible for finance

has made the following rules:-

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

(FSS) (Amendment) Rules, 2026 and these rules shall be read and

construed as one with the Final Settlement System (FSS) Rules,

hereinafter referred to as the "principal rules".

(2) These rules shall be deemed to have come into force on 1st

January 2026.

In the Arrangement of Rules the words "Schedule A: FS4

Payee Status Declaration" shall be deleted.

Rule 3 of the principal rules shall be amended as follows

(a) in sub-rule (1) thereof the words "Section 1 of a

Payee Status Declaration on the prescribed form set out in

Schedule A" shall be substituted by the words "the prescribed

Payee Status Declaration publicly available on the appropriate

website or in such manner as the Commissioner may require"

and the words "Part B, C or D of Section 1 thereof" shall be

substituted by the words "Part B, C or D thereof";

(b) in sub-rule (3) thereof the words "Section 2 of such

form" shall be substituted by the words "the Payer’s parts of such

form"; and

(c) in sub-rule (4) thereof the words "Section 2 and Part

A of Section 1 of" shall be deleted.

Schedule A to the principal rules shall be deleted.

€0.09