S.L. 372.14 Art. 8Application of the FSS Part-Time Tax Deduction Method. Cap. 123. S.L. 123.39

(1) Tax deduction under the FSS Part-Time Tax Deduction

Method referred to under rule 6(1)(b) shall apply in respect of emoluments payable to a payee in respect of part-time work which qualifies under the provisions of article 90A of the Income Tax Act and under the Part-time Work Rules, and shall operate in accordance with the provisions therein contained:

Provided that where the payee has reason to believe that his total income for the relevant year is not expected to exceed the sum over which he would be liable to tax, he may, at any time, direct the payer, on the Payee Status Declaration form, to have such emoluments paid to him without tax deduction as provided in article 90A(3) of the said Act.

(2) Where the payee who has availed himself of the option under the proviso to sub-rule (1), has reason to believe that his total income has reached a sum as would render him liable to tax he shall, in accordance with the provisions of article 90A(5) of the Income Tax Act, either:

(a) direct the payer, on the Payee Status Declaration form, to make such deductions from his income deriving from part-time work for the relevant year so as to cover the relative tax due by the 31st December of that year; or

(b) pay such tax due to the Commissioner by not later than the 31st December of that year.

(3) Where, for the purposes of this rule, the payee fails to direct the payer on the Payee Status Declaration form, the provisions of rule 3(2) shall apply.