CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
(5) Any reference in this section to a company which is assessable under
this Act in respect of any premises shall be deemed to include a reference
to a company which would be so assessable if a state of affairs which
subsists during any part of the year had subsisted for the whole of the year.
136. (1) In this section and in sections 133 to 135 and 137 to 141 "director" means
- Meaning of "director", "employment" and "employee"
(a) in relation to a company the affairs whereof are managed by a
board of directors or similar body, a member of that board or
similar body;
(b) in relation to a company the affairs whereof are managed by a
single director or similar person, that director or person;
(c) in relation to a company the affairs whereof are managed by the
members themselves, a member of the company and includes any
person in accordance with whose directions or instructions the
directors of a company, defined in accordance with the preceding
provisions of this subsection, are accustomed to act: but a person
shall not, within the meaning of this subsection, be deemed to be a
person in accordance with whose directions or instructions the
directors of a company are accustomed to act by reason only that
the said directors act on advice given by him in a professional
capacity.
(2) In this section "employment" means an employment such that any
emoluments thereof would fall to be assessed under this Act, and
references to persons employed by, or employees of, a company include
any person who takes part in the management of the affairs of the
company and is not a director thereof.
(3) (a) Subject to this subsection and subsections (4) and (5), the
employments to which sections 133 to 141 apply are employments
the emoluments of which, calculated on the basis that they are
employments to which those sections apply, and without any
deduction being made in respect of money expended in performing
the duties thereof, are at the rate of nine thousand six hundred
dollars a year or more.
(b) Where a person is employed in several employments by the
same company, and the total of the emoluments of those
employments, calculated as aforesaid, is at the rate of nine
thousand six hundred dollars a year or more, all those
employments shall be treated as employments to which sections
133 to 141 apply.
BIR Mac Edition 91/01 Page 144