CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
(c) Where a person is director of a company, all employments in
which he is employed by the company shall be treated as employments
to which the sections 133 to 141 apply.
(4) All the directors of, and persons employed by a company over which
another company has control shall be treated for the purposes of
subsection (3)(b) and (c), but not for any other purpose, as if they were
directors of, or, as the case may be, as if the employment were an
employment by, that other company.
(5) Notwithstanding anything in the preceding provisions of this section,
no employment of a person by a company at a school or other educational
establishment carried on by that company shall be an employment to
which sections 133 to 141 apply or be taken into account in determining
whether any other employment is an employment to which these sections
apply.
137. (1) If a company furnishes to the Board a statement of the cases and the
circumstances in which payments of a particular nature are made or things
of a particular nature are provided for any of its directors or employees
and the Board is satisfied that no additional tax would fall to be paid if
sections 133 to 136 and 138 to 141 were to apply in relation to payments
made or things provided by the company in accordance with the statement,
it shall notify the company accordingly and, where such a notification is
given, those sections shall not apply in relation to payments made or
things provided by the company in accordance with the statement.
Saving for certain payments and expenses
(2) Notwithstanding subsection (1), the Board may, if in its opinion there
is reason to do so, by notice in writing served on the company, revoke any
such notification, either as from the date of the making of the notification
or as from such later date as may be specified in the notice, and thereupon
all such tax shall become chargeable, and all such returns shall be made by
the company and by the directors or employees in question, as would have
been chargeable or would have had to have been made in the first instance
if the notification had never been given, or, as the case may be, if it had
ceased to have effect on the specified date.
138. (1) Where, for the purposes of a return under section 76, a company apportions
expenses incurred partly in or in connection with a particular matter
and partly in or in connection with other matters, the return shall contain a
statement that the sum included in the return is the result of such an apportionment
and the company, if required to do so by notice from the Board,
shall prepare and deliver to the Board, within the time limited by the
notice which shall be not less than four-teen days from the receipt of such
notice, a return containing full particulars as to the amount apportioned
BIR Mac Edition 91/01 Page 145