S.L. 123.202 Art. 7Set off against arrears. Cap. 318. Cap. 406. Cap. 318. Cap. 406.

(1) The total of a qualifying payment and of the amount of the respective exemption allowed under these rules shall constitute a payment by the person who makes the transfer in question which shall be set off against the relevant tax arrears of that person.

(2) When the amount to be set off in accordance with sub-rule (1) is less than the relevant tax arrears, it shall be set off against such categories of the relevant tax arrears as the Commissioner may, in his discretion, decide, and the set-off shall be without prejudice to the powers of the Commissioner to take action in accordance with the relevant provisions of the Income Tax Acts, the Social Security Act and the Value Added Tax Act for the collection of the balance of the relevant tax arrears still outstanding after the said set-off.

(3) An exemption allowed under these rules shall not give rise to any refund, credit or other right except for the set-off mentioned in this rule.

(4) Notwithstanding anything to the contrary contained in the

Income Tax Acts, the Social Security Act and the Value Added Tax

Act, a payment by means of a set-off in accordance with this rule shall extinguish any dispute that may be outstanding in respect of the amount of the arrears that is so paid, and no objection or other challenge shall be admissible in respect of that amount after the set-off has been made.