S.L. 123.217 Art. 2Interpretation. Cap. 123.

(1) In these regulations, unless the context otherwise requires:

"Act" means the Income Tax Act;

"entity" shall mean a company, including any body of persons that elects to be treated as a company or is deemed to be a company in accordance with the provisions of the Act and any trust that applies the provisions of article 27D(1) of the Act;

"fiscal year" means the accounting period with respect to which the entity prepares its financial statements in relation to a year of assessment.

(2) Unless the context otherwise requires, all other words and phrases used in these regulations shall have the same meaning as assigned to them in the Act.