Cap. 402 Art. 2Interpretation.

In this Act, unless the context otherwise requires -

"commercial bank" means a credit institution licensed under the

Banking Act, but does not include such an institution which has a licence limited to dealing only in currencies other than the euro and does not include the bank known as Lohombus Bank Limited;

"Commissioner" means the Commissioner of Inland Revenue; "profits" means chargeable income as determined in accordance with the Tax Acts but does not include profits from loans advanced by commercial banks to individuals to assist them in the acquisition or construction of a house to be used as their personal residence; "special tax" means the tax imposed under this Act; "Tax Acts" means the Income Tax Act and the Income Tax

Management Act; "tax year" means the accounting period of the commercial bank ending at any time during the calendar year 1997 and as established under section 11 of the Income Tax Act.