S.L. 372.32 Art. 11Tax deducted to be final.

When tax has been deducted in accordance with these rules from the price of a qualifying sale and where a purchase note has been issued in accordance with these rules in respect of that sale, the deduction of the tax shall be deemed to be in final settlement of the tax due by the vendor on the income derived from that sale and no further tax shall be due by the vendor on the said income. The tax deducted as aforesaid shall not be available as a credit against the vendor’s tax liability and shall not be available for a refund to the vendor or, where the vendor is a company, to any shareholder thereof, or to any other person.