S.L. 372.16 ст. 5Tax settlement date.

The date on which the tax for the year of assessment 1999

and any subsequent year becomes due and payable by any person

(the "tax settlement date") shall be determined as follows:

(a) in the case of a person to whom article 12 of the Act applies and who makes an election for the relative year of assessment under and in accordance with that section, and subject to the provisions of article 44(2B)(a) of the Act, the tax settlement date shall be the last day of the month following that during which a notice in writing by the Commissioner requesting the payment of the relative tax is served on that person or such later date as may be specified in that notice: Provided that the tax settlement date in the case of any such person shall in no case be earlier than the tax return date for the relative year as determined under paragraph (b)(ii) or paragraph (c)(ii) of regulation 2; and

(b) in any other case, the tax settlement date shall be the date falling on the tax return date applicable to that person for the relative year as determined under regulation 2: Provided that, with respect to the tax for year of assessment 2008 and subsequent years of assessment, where a determination in terms of article 47 of the

Duty on Documents and Transfers Act has been made as a consequence of the company satisfying subarticle (3)(e) of the said article, and until such time that the said determination remains valid, the tax payable by such a company on its chargeable income shall become due and payable as follows:

(i) where such income is distributed by the company on or before the tax return date of the said company, on the tax return date;

(ii) where such income is distributed by the company after the tax return date but before the date referred to in sub-paragraph (iii), the earlier of the fourteenth day following the end of the month in which such a distribution was made and the date referred to in sub-paragraph (iii);

(iii) in other cases, the last date of the period referred to in article 182(3) of the Companies Act which period shall for the purposes of these rules be deemed to commence from the end of the accounting period as determined in accordance with article 11 of the Income Tax Act as is applicable to the said company.