CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
(8) This section shall apply only to money received or retained in Trinidad
and Tobago, and if a person to whom any interest is paid or credited in respect
of any money received or retained in Trinidad and Tobago by notice
in writing served on the person paying or crediting the interest -
(a) declares that the person who was beneficially entitled to that interest
when it was paid or credited was not then ordinarily resident
in Trinidad and Tobago; and
(b) requests that the interest shall not be included in any return
under this section,
the person paying or crediting the interest shall not be required to include
that interest in any such return.
100 (9) This section does not apply to interest paid or credited to a resident
individual. Act No.11 of 1988
131. (1) The Board may, in relation to any particular matters or class of matters
by writing under their hand delegate to a Commissioner or other person all
or any of its powers or functions under this Act, except this power of delegation,
so that the delegated powers or functions may be exercised by the
Commissioner or other person with respect to the matters or class of
matters specified in the instrument of delegation.
Delegation by Board
(2) Every delegation under this section shall be revocable at will, but any
delegation shall not prevent the exercise of any power or function by the
Board.
(3) Any delegation under this section may be made subject to a power of
review and alteration, within the period specified in the instrument of delegation,
by the Board of any act done in pursuance of the delegation and
the decision given upon such review or alteration shall be deemed to be
that of the Board.
132. The Board, a Commissioner or any officer acting under its authority shall be
indemnified against any liability with respect to any act or thing performed
or done by it or in its name in connection with any duty imposed
by this Act.
Indemnity for liability
EXPENSES ALLOWANCES TO DIRECTORS AND OTHERS
133. (1) Subject to sections 134 to 141, any sum paid in respect of expenses by a
company to any of its directors or to any person employed by it in an employment
to which these sections apply shall be treated as a perquisite of
the office or employment of that director or employee and included in the
100 BIR Note: Effective 8th January 1988.
BIR Mac Edition 91/01 Page 139