[ S.L.123.60 INVESTMENT INCOME 1 SUBSIDIARY LEGISLATION 123.60 INVESTMENT INCOME REGULATIONS 1st January, 2002 LEGAL NOTICE 51 of 2002, as amended by Legal Notices 186 of 2003 and 409 of
- The title of these regulations is the Investment Income Regulations. Title.
- Every payor of investment income shall, by the fourteenth day following the end of the month during which he has made payments of investment income, together with the remittance of the tax deducted under article 33
(1)of the Income Tax Act, hereinafter referred to as "the Act", render to the Commissioner an account which shall include the details contained in the Schedule A. Rendering of account to Commissioner. Amended by: L.N. 186 of 2003. Cap. 123. 3.
(1)Every person who assumes the obligations of a payor of investment income after the coming into force of these regulations shall register with the Commissioner within two months of the day when, but not later than fifteen days before, an actual payment is made. Registration of payor. Added by: L.N. 186 of 2003.
(2)Every other person who is a payor of investment income shall register with the Commissioner within one month from the coming into force of these regulations.
(3)The registration referred to in this regulation shall be made on the form prescribed in Schedule B. 4. On being satisfied with the registration made in accordance with regulation 3, the Commissioner shall confirm such registration by issuing a certificate of registration. Certificate of registration. Added by: L.N. 186 of 2003. [ S.L.123.60 2 Substituted by: L.N. 186 of 2003; L.N. 409 of 2007. INVESTMENT INCOME SCHEDULE A (Regulation 2) Monthly account to be rendered to the Commissioner of Inland Revenue by payors of investment income 1. Name and address of the payor ..................................................................... ..................................................................................................................... 2. Month ending .............................................................................................. 3. Totals for each type of investment income specified in articles 41(
- a)and 41A(
- a)of the Act paid during the month and totals of tax withheld on each (where applicable), specified by currency and distinguishing between investment income arising in Malta and investment income arising outside Malta, shown separately as investment income paid to: (
- a)prescribed funds, as defined in article 41A(
- b)of the Act, and on which tax at the rate of ten cents on every euro was deducted; (
- b)prescribed funds, as defined in article 41A(
- b)of the Act, and on which tax at the rate of fifteen cents on every euro was deducted; (
- c)recipients resident in Malta, not being prescribed funds, and on which tax at the rate of fifteen cents on every euro was deducted; (
- d)recipients resident in Malta who, under the provisions of article 35 of the Act, elected to be paid without deduction of tax; (
- e)persons not resident in Malta; (
- f)a person, other than a person not resident in Malta, who is not a recipient as defined in article 41(
- c)of the Act. 4. Total tax refunded or credited to recipients deducted erroneously in a previous month, or as authorised by the Commissioner: (
- a)accounts denominated in Euro; (
- b)accounts denominated in other currencies, specified per currency. 5. Date ............................................................................................................ 6. Signature .................................................................................................... 7. Name in full ................................................................................................. 8. Designation ................................................................................................ INVESTMENT INCOME [ S.L.123.60 SCHEDULE B (Regulation 3) 3 Added by: L.N. 186 of 2003. Inland Revenue Department Registration of payors of investment income I, the undersigned, hereby register as payor of investment income for the purposes of the investment income provisions of the Income Tax Act and declare that: - I have assumed the obligations of a payor as defined under the Investment Income Provisions of the Income Tax Act; - I am aware of all the requirements under the Income Tax Acts in relation to the above obligations; and - I have examined the contents of this return and, to the best of my knowledge and belief, it is true, correct and complete 1. Name and address of the payor ..................................................................... 2. Income Tax Registration number ................................................................. 3. ROC number (where applicable) .................................................................. 4. Name of Principal Officer ............................................................................ 5. Designation ................................................................................................. 6. Signature ..................................................................................................... 7. Date ............................................................................................................