S.L. 372.14 Art. 9Application of the FSS Other Emoluments Tax Deduction Method.

(1) Tax deduction under the FSS Other Emoluments Tax

Deduction Method referred to under rule 6(1)(c) shall apply in respect of:

(a) any remuneration referred to under rule 2(iii); and

(b) any emoluments considered by the payee as constituting his other emolument income provided that such method shall only be availed of where the tax deduction provisions of rule 7 or of rule 8 do not apply, or where the Commissioner has so directed in accordance with rule 6(2).

(2) Save as provided under rule 3(2), emoluments to which the FSS Other Emoluments Tax Deduction Method applies shall be subject to tax deduction at a standard rate equivalent to twenty per cent of the said emoluments: Provided that all payees may, at any time, direct their payer on the prescribed form to deduct tax at a higher rate.

(3) Notwithstanding the provisions of sub-rule (2), pensioners and students receiving full-time instruction at any university, college or other educational establishment or serving an apprenticeship with a view to qualifying in a trade or profession, in receipt of emoluments to which the tax deduction method referred to in this rule applies may, at any time, direct their payer as aforesaid on the prescribed form not to deduct tax or to deduct tax from such emoluments at a lower rate than the standard rate laid down under the said sub-rule: Provided that payees, other than pensioners and students, may direct their payer to deduct tax from such emoluments at a lower rate than the said standard rate only after written approval has been obtained from the Commissioner.