S.L. 372.16 ст. 6Refund date. Cap. 123.

For the purpose of article 48(2A) of the Act, and subject to the provisions of subarticle (2B) of that article, any tax determined as repayable to a person under subarticle (1) or (2) of that article shall become due, as the case may be, on a date (hereinafter in this regulation referred to as "the refund date") determined as follows:

(a) in the case of a person to whom article 11(2) of the Income Tax Act applies:

(i) with respect to tax repayable for the year of assessment 1999 the refund date shall be the first of April 2000;

(ii) with respect to the tax repayable for the year of assessment 2000 or any subsequent year of assessment the refund date shall be the last day of the sixth month following the tax return date applicable to that person for the relative year as determined under regulation 2; and

(b) in the case of any other person:

(i) with respect to tax repayable for the year of assessment 1999 the refund date shall be the first of March 2000;

(ii) with respect to tax repayable for the year of assessment 2000 or any subsequent year of assessment the refund date shall be the first of January of the year immediately following the respective year of assessment.