INVESTMENT INCOME REGULATIONS

INVESTMENT INCOME

SUBSIDIARY LEGISLATION 123.60

INVESTMENT INCOME REGULATIONS

1st January, 2002

LEGAL NOTICE 51 of 2002, as amended by Legal Notices 186 of 2003

and 409 of 2007.

The title of these regulations is the Investment Income

Regulations.

L.N. 186 of 2003;

(Regulation 2)

L.N. 409 of 2007.

Monthly account to be rendered to the Commissioner of Inland Revenue by payors of

investment income

1. Name and address of the payor .....................................................................

2. Month ending ..............................................................................................

3. Totals for each type of investment income specified in articles 41(a) and

41A(a) of the Act paid during the month and totals of tax withheld on each (where

applicable), specified by currency and distinguishing between investment income

arising in Malta and investment income arising outside Malta, shown separately as

investment income paid to

(a) prescribed funds, as defined in article 41A(b) of the Act, and on which

tax at the rate of ten cents on every euro was deducted;

(b) prescribed funds, as defined in article 41A(b) of the Act, and on which

tax at the rate of fifteen cents on every euro was deducted;

(c) recipients resident in Malta, not being prescribed funds, and on which

tax at the rate of fifteen cents on every euro was deducted;

(d) recipients resident in Malta who, under the provisions of article 35 of

the Act, elected to be paid without deduction of tax;

(e) persons not resident in Malta;

(f)

a person, other than a person not resident in Malta, who

is not a recipient as defined in article 41(c) of the Act.

4. Total tax refunded or credited to recipients deducted erroneously in a

previous month, or as authorised by the Commissioner

(a) accounts denominated in Euro;

(b) accounts denominated in other currencies, specified per currency.

5. Date ............................................................................................................

6. Signature ....................................................................................................

Every payor of investment income shall, by the fourteenth

day following the end of the month during which he has made

payments of investment income, together with the remittance of the

tax deducted under article 33(1) of the Income Tax Act, hereinafter

referred to as "the Act", render to the Commissioner an account

which shall include the details contained in the Schedule A.

Added by

L.N. 186 of 2003.

(Regulation 3)

Inland Revenue Department

Registration of payors of investment income

I, the undersigned, hereby register as payor of investment income for the

purposes of the investment income provisions of the Income Tax Act and declare

-

I have assumed the obligations of a payor as defined under the

Investment Income Provisions of the Income Tax Act;

-

I am aware of all the requirements under the Income Tax Acts in

relation to the above obligations; and

-

I have examined the contents of this return and, to the best of my

knowledge and belief, it is true, correct and complete

1. Name and address of the payor .....................................................................

2. Income Tax Registration number .................................................................

3. ROC number (where applicable) ..................................................................

4. Name of Principal Officer ............................................................................

5. Designation .................................................................................................

6. Signature .....................................................................................................

7. Date ............................................................................................................

(1) Every person who assumes the obligations of a payor

of investment income after the coming into force of these

regulations shall register with the Commissioner within two months

of the day when, but not later than fifteen days before, an actual

payment is made.

(2) Every other person who is a payor of investment income

shall register with the Commissioner within one month from the

coming into force of these regulations.

(3) The registration referred to in this regulation shall be made

on the form prescribed in Schedule B.

On being satisfied with the registration made in accordance

with regulation 3, the Commissioner shall confirm such registration

by issuing a certificate of registration.

INVESTMENT INCOME

Substituted by

Name in full .................................................................................................

Designation ................................................................................................

INVESTMENT INCOME