AUTHORISED FINANCIAL INTERMEDIARIES (INVESTMENT INCOME) REGULATIONS

AUTHORISED FINANCIAL INTERMEDIARIES

(INVESTMENT INCOME)

SUBSIDIARY LEGISLATION 123.73

AUTHORISED FINANCIAL INTERMEDIARIES

(INVESTMENT INCOME) REGULATIONS

19th December, 2003

LEGAL NOTICE 404 of 2003, as amended by Legal Notice 235 of 2005.

The title of these regulations is the Authorised Financial

Intermediaries (Investment Income) Regulations.

In these regulations,

''the Act'' means the Income Tax Act;

''authorised financial intermediary'' shall, for the purposes of

these regulations, mean a person who is registered as an authorised

financial intermediary for the purposes of the Collective

Investment Schemes (Investment Income) Regulations;

''investment income'' shall have the meaning assigned to it in

article 41 of the Act;

''the investment income provisions'' shall have the meaning

assigned to it in article 32 of the Act.

Notwithstanding the provisions of article 33 of the Act and

unless otherwise provided for in the Collective Investment

Schemes (Investment Income) Regulations, where a payment of

investment income is effected through the services of an authorised

financial intermediary as provided for in article 41A(c)(ii) of the

Act, an authorised financial intermediary may collect tax and pay

the tax so collected by not later than the thirtieth day of June

following the year in which the payment of investment income was

made.