INCOME TAX (WITHHOLDING TAX RECOUPMENT) ACT 1971 (REPEALED)
SECTION 6
6
AMOUNT OF TAX
The amount of the tax imposed by this Act in respect of an amount of interest is the sum of -
(a) an amount equal to ten per centum of the amount of this interest; and
(b) an amount calculated in respect of the amount ascertained in accordance with the last preceding paragraph at the rate of ten per centum per annum for the period commencing at the expiration of twenty-one days after the end of the month in which the amount of interest was paid, or is, for the purposes of Division 11A of Part III of the Assessment Act, to be deemed to have been paid, and ending on the date of issue of the notice of assessment of the tax, as shown on the notice.
The amount of the tax imposed by this Act in respect of an amount of interest is the sum of -
(a) an amount equal to ten per centum of the amount of this interest; and
(b) an amount calculated in respect of the amount ascertained in accordance with the last preceding paragraph at the rate of ten per centum per annum for the period commencing at the expiration of twenty-one days after the end of the month in which the amount of interest was paid, or is, for the purposes of Division 11A of Part III of the Assessment Act, to be deemed to have been paid, and ending on the date of issue of the notice of assessment of the tax, as shown on the notice.
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