Cap. 123 Art. 96Power to make rules.

(1) The Minister responsible for finance may from time to time make rules generally for carrying out the provisions of this

Act and for such matters as are authorised by this Act to be prescribed.

(2) Any guidelines, explanations or instructions relating to the

Income Tax Acts or of the rules referred to in sub-article (1)

contained in a publication or circular published by or under the authority of the Commissioner and distributed or made available to taxpayers in general, shall be read and construed as one with such rules and shall have the same effect as the rules to the extent that such guidelines, explanations or instructions are not in conflict with the Income Tax Acts on the said rules or with guidelines, explanations or instructions published at a later date and to the extent that -

(a) they give a definition of any term or an interpretation of any provision contained in the Income Tax Acts or the rules;

(b) they determine the manner in which any provision of the Income Tax Acts or the rules is to be applied;

(c) they determine any matter which in accordance with the Income Tax Acts or the rules may be determined by or is subject to the approval or the discretion of the Commissioner.

(3) The Minister responsible for finance may make rules prescribing tax credits and may also by such rules determine the class of persons to whom such tax credits shall apply and the method of calculating or estimating such tax credits and the amounts thereof.

(4) The Minister responsible for finance may by rules amend, repeal or substitute the Schedule to this Act.

(5) The Minister responsible for finance may make, amend, substitute or repeal rules or regulations in relation to the tax treatment of activities carried out within an exclusive economic zone area, including the application of all or part of the provisions of the Income Tax Acts and of any subsidiary legislation made thereunder in relation to the said activities and for the purpose of regulating, prescribing or otherwise providing for matters relating to tax in respect of an exclusive economic zone area and generally for the better application of the Income Tax Acts to activities carried out in or therefrom. * SCHEDULE

Article 56(12)(c)

Additional tax chargeable under article 56(12)(c)