S.L. 372.18 Art. 2Interpretation. Cap. 372. Cap. 123. Cap. 123.

(1) In these rules, unless the context otherwise requires:

"Act" means the Income Tax Management Act;

"basis period" means a period of twelve months ending on the 31st December or, in the case of a provisional tax payer who has been permitted to make his accounts to any other date in accordance with the provisions of article 11(2) of the Income Tax Act, on such other date;

"benchmark year of assessment" with respect to a basis period means the later of:

(a) the year of assessment 1999; and

(b) the last year of assessment in respect of which a tax return was due to be furnished before the commencement of the calendar year in which the first P.T. payment for that basis period falls due; "provisional tax" means provisional tax paid or payable in accordance with these rules or with the Payment of Provisional Tax (P.T.) Rules, 1973;

"provisional tax payer" means and includes, unless the Commissioner otherwise determines by means of a notice in writing, any person who during a basis period is:

(a) a company;

(b) an individual who was liable to tax in Malta for the relative benchmark year of assessment but excluding an individual who was eligible to make an election in terms of article 12 of the Act in respect of the benchmark year of assessment;

(c) a person who is not a company or an individual; "P.T. benchmark" means the amount determined in accordance with rule 6, 7, 8 or 9 as may be applicable; "P.T. payment" means a payment of provisional tax required to be effected in terms of rule 3.

(2) Except as otherwise provided, and unless the context otherwise requires, words and expressions used in these rules have the same meaning and the same interpretation as the meanings and interpretations which they have in terms of the Act and of the

Income Tax Act.