REMOVAL OF SECRECY (DETAILS OF INCOME) [ S.L.372.10 1 SUBSIDIARY LEGISLATION 372.10 REMOVAL OF SECRECY (DETAILS OF INCOME) RULES 12th May, 1995 LEGAL NOTICE 60 of 1995, as amended by Legal Notice 425 of
- The title of these Rules is Removal of Secrecy (Details of Income) Rules. Title.
- The details of income to which the provisions of article 4 of the Income Tax Management Act in regard to secrecy shall not apply in terms of subarticles
(4)and
(5)of the said article 4 shall be those contained in the First Schedule. Prescribed details. Cap.
- The statement to be submitted in accordance with paragraph (a) and any information to be given in accordance with paragraph (b) of article 4
(5)of the Income Tax Management Act shall be in the form set out in the Second Schedule. Prescribed form of statement and information. Cap.
- Rules 2 and 3 shall apply to details of income contained in any return filed in accordance with article 10 of the Income Tax Management Act in respect of the year of assessment 1995 and subsequent years of assessment. Applicability. Cap.
- 2 [ S.L.372.10 REMOVAL OF SECRECY (DETAILS OF INCOME) FIRST SCHEDULE (Rule 2) Details of Income declared for the purposes of article 10 of the Income Tax Management Act (A) Profession: (B) Vocation: (C) (D) (E) (F) (G) (H) (K) Business: Trade: Employment: Pension: Dividends: Bank/ Other Interests: Rents: M. P. Honoraria/ Allowances: Other Income: (L) Capital Gains: (I) (J) Gross Earnings, Expenses Claimed, Net Profits/ Losses Gross Earnings, Expenses Claimed, Net Profits, Losses Gross Profit, Expenses Claimed, Net Profits/Losses Gross Takings, Expenses Claimed, Net Profits/Losses Gross Salary (including Overtime, Allowances, etc.) Gross Occupational and Social Security Pension Gross Local and Foreign Dividends Gross Local and Foreign Interests Gross and Net Rents Gross Amount Gr oss Amount (including Comm issions, Wife’s Income, etc.) Gross Earnings, Expenses Claimed, Net Profits/ Losses [ S.L.372.10 REMOVAL OF SECRECY (DETAILS OF INCOME) SECOND SCHEDULE (Rule 3) 3 Substituted by: L.N. 425 of
- Details of Income (A) (B) (C) Profession Gross Earnings Expenses claimed Net Profit/Loss
(1)€ € € Gross Earnings Expenses claimed Net Profit/Loss
(1)€ € € Vocation Business
(2)(i) Gross Profit Expenses claimed Net Profit/Loss
(1)(D) € € € (ii) € € € Gross Takings Expenses claimed Net Profit/Loss
(1)(F) (G) (H) € € € Trade
(2)(
- i)(E) (iii) € € € (
- ii)€ € € € € € Employment
(3)Gross Salary (including overtime, allowances, etc.) € Gross Occupational Pension Gross Social Security Pension € € Gross Local Dividends Gross Foreign Dividends € € Pension Dividends Bank/Other Interests Gross Local Interests Gross Foreign Interests (iii) € € 4 (I) [ S.L.372.10 REMOVAL OF SECRECY (DETAILS OF INCOME) Rents
(4)Gross Rents Net Rents (J) M.P. Honoraria/Allowances Gross Amount (K) Other Income (L) Capital Gains Gross Amount (including Commissions, Wife’s Income, etc.) Gross Earnings Expenses claimed Net Profit/Loss
(1)
(1)
(2)
(3)
(4)€ € € € € € € After all losses and capital allowances brought forward have been taken into account. Separate columns show results for different lines of business/trade. Different sources of whole-time and part-time employment are included in gross salary. Difference between gross and net rents represents ground rents, burthens and interests on loans.