Income Tax.


Deduction of
tax from
Government
stock.


 40. (1) When the Accountant General or other appointed
officer pays interest on any loan charged on the Public Revenue
of the Colony other than a loan on which exemption has been
given wholly or partly under section 6 he shall deduct from
such interest tax at the rate prescribed in section 37 and shall
forthwith pay over such deductions to the account for income
tax.
 (2) On making each payment to the person entitled to
the interest he shall give a certificate stating the name of the
person, the date, the amount of the interest and of the tax de-
ducted.
 (3) The amount so deducted shall be deemed to be a pay-
ment of tax by the person named, and in computing the total
chargeable income of that person the gross amount of the inter-
est shall be included and the tax shall be set off as under sec-
tion 39.


Deduction of tax 41. (1) Where any person pays to another person not
from payment to resident in the Colony interest or any rent, annuity or other
non-residents. annual payment which the payer is entitled to deduct in com-
 puting his chargeable income, the payer shall upon paying such
 interest, rent, annuity or other annual payment deduct there-
 from tax at the rate of twenty-five per centum and give a
 certificate of the tax deducted, and the payer shall forthwith
 render an account to the Comptroller of the amount so de-
 ductible and every such amount shall be recoverable in the
 like manner as is provided in Part XT (-f this Ordinance.
 (2) In the case of a company the account aforesaid shall
 be rendered by the manager or other principal officer of the
 company.
 (3) The provisions of this section shall mutatis mutandis
 also apply to trustees.

 PART VIII.

 ADMINISTRATION.


Appointment of
administrative
authority.


 42. (1) For the due administration of this Ordinance the
Administrator may appoint the Comptroller of Inland Revenue
and, acting after consultation with the Public Service Commis-
sion, such other officers and persons as may be necessary and
shall furnish such Comptroller and officers with warrants of
appointment under his hand.


No. 21.


1967.