S.L. 372.32 ст. 13Allocation of income to the Maltese taxed account.

The amount that is deemed, in accordance with rule 14(1), to be the total income derived by a company (including a co-

operative society) from qualifying sales, net of the tax deducted therefrom in accordance with these rules, shall be allocated to its Maltese taxed account and shall be treated for all purposes of the Income Tax Acts as income that has been taxed at 5%.