CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
(1C) Subject to subsection (1D), a person required by subsection (1) to
make a return in accordance with that subsection who fails to obtain or to
enter the Board of Inland Revenue file number in accordance with subsection
(1A), is guilty of an offence but it is a good defence to a complaint
brought under this subsection that any such failure was not due to the
willful neglect or default of the person so required to obtain or to enter the
said file number.
99 (1D) A depositor to whom this section applies who fails to supply his
Board of Inland Revenue file number in accordance with subsection (1B)
is guilty of an offence and liable on summary conviction to a fine of
fifteen thousand dollars and to imprisonment for one year. F.A. 35/98*
(2) No interest paid or credited to any person shall be required to be included
in any such return if the total amount of the interest paid or credited
to that person which would otherwise have fallen to be included in the return
does not exceed two hundred and fifty dollars.
(3) The year specified in a notice under subsection (1) shall not be a year
ending more than three years before the date of the service of the notice.
(4) Without prejudice to the generality of so much of subsection (1) as enables
different notices to be served thereunder in relation to different parts
of a trade or business, separate notices may be served under that
subsection as respects the transactions carried on at any branch or
branches respectively specified in the notices, and any such separate
notice shall if served on the manager or other person in charge of the
branch or branches in question, be deemed to have been duly served on the
person carrying on the trade or business; and where such a separate notice
is so served as respects the transactions carried on at any branch or
branches, any notice subsequently served under the said subsection (1) on
the person carrying on the trade or business shall not be deemed to extend
to any transaction to which the said separate notice extends.
(5) This section shall, with any necessary adaptations, apply in relation to
the Post Office Savings Bank as if it were a trade or business carried on by
the Postmaster General.
(6) Subsection (5) shall have effect notwithstanding anything in section 15
of the Post Office Savings Bank Act, but save as aforesaid that section
shall remain in full force and effect.
(7) This section shall apply to interest paid or credited on or at any time
after 31st December 1962.
99 BIR Note: Effective 1st January 1987.
* Effective 1 st January 1999
BIR Mac Edition 91/01 Page 138