CHAPTER 75:01 - Inland Revenue Division
CHAPTER 75:01 - Inland Revenue Division
CHAPTER 75:01 - Inland Revenue Division
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Corporation Tax Act Mac 1<br />
Vol. 1<br />
112 (g) profits of any ecclesiastical, charitable or educational<br />
institution of a public character, approved by the President by<br />
writing under his hand, in so far as such profits are not derived<br />
from a trade or business carried on by such institution;<br />
(h) profits of the Post Office Savings Bank and any other<br />
institution established for the encouragement of thrift which the<br />
President may declare to be exempt;<br />
(i) profits arising from investment of any fund or scheme approved<br />
by the President under section 27(1)(c) of the Income Tax Act;<br />
(j) profits of any statutory or registered building or friendly<br />
society;<br />
(k) interest receivable on any loan charged on the public revenue<br />
declared by the President by Order to be so exempt;<br />
(ka) with effect from 1st January 1999 interest income on loans<br />
made by financial institutions to fund projects within the small<br />
business sector under the Small Business Development Company<br />
Limited. Finance Act 35 of 1998*<br />
(l) profits arising from investment of the Employment Injury<br />
Benefit Fund, the Short Term Benefits Fund and the Long Term<br />
Benefits Fund established under the National Insurance Act;<br />
Act No.35 of 1971<br />
(m) market development grants within the meaning of the Export<br />
Development Corporation Act, 1984.<br />
Ch.32:<strong>01</strong><br />
(n) profits of the Trinidad and Tobago Development Finance<br />
Company Limited Act No.3 of 1988<br />
*Effective 1 st January 1999<br />
112 BIR Note: The functions which the President is empowered to perform under this subsection have<br />
been delegated to the Minister of Finance and the Economy by Order made under The<br />
Interpretation Act, Ch.3: <strong>01</strong>, published as Legal Notice No.151 of 1987, quoted hereunder:<br />
"THE DELEGATION OF FUNCTIONS (CORPORATION TAX) ORDER, 1987<br />
1. This Order may be cited as the Delegation of Functions (Corporation Tax) Order,<br />
1987. Citation<br />
2. In exercise of the powers conferred upon him by section 52(1) of the Interpretation<br />
Act, the President delegates the functions which he is empowered to perform<br />
under section 6(1) (g) of the Corporation Tax Act to the Minister to whom<br />
responsibility for Finance and the Economy is assigned.<br />
Delegation of functions<br />
Ch.3: <strong>01</strong><br />
Made this 14th day of August, 1987." Ch.<strong>75</strong>: 02<br />
BIR Mac Edition 91/<strong>01</strong> Page 191
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