17
case of
7. A proportionate refund of property tax may be made Refund in whenever any land and/or buildings is proved to the satis- unoccupied faction of the Commissioner to have been unoccupied during property. one or more entire months of any year of assessment.
CHAPTER III.
SALARIES TAX.
of Salaries
8. Salaries tax shall be charged at the rates provided for Imposition in section 12 and subject to the allowances provided for in Tax. section 11 on all income received from-
3
(a) any office or employment of profit held or exercised within the Colony; and
(b) any pension or annuity payable in respect of any such office or employment:
Provided that the following shall be exempt-
(i) the official emoluments of the Governor;
(ii) the official emoluments of consuls, vice-consuls and persons employed on the staff of any consulate, who are subjects or citizens of the States which they represent;
(iii) the income of any individual whose total income from the sources referred to in this Section does not exceed four thousand eight hundred dollars;
(iv) any income which is liable to Income Tax in the United Kingdom or in any other part of the British Empire.
9.-(1) Income from any office or employment in Definition of cludes-
(i) any wages, salary, fee, pension, commission, bonus, gratuity, or perquisite, whether derived from the employer or others, except the value of any holiday warrant, passage, or other form of free conveyance granted by an employer to an employee, or any allowance for the purchase of any such conveyance in so far as it is expended for such purpose;
(ii) the rental value of any place of residence provided rent-free by the employer;
(i) where a place of residence is provided by an employer at a rent less than the rental value, the excess of the rental value over such rent.
(2) The rental value of any place of residence shall be the net annual value arrived at in accordance with section 5: Provided that for the purposes of sub-section 1 (ii) and (iii), any excess of rental value over one-sixth of the income described in sub-section (1) (i) shall be disregarded.
income from employment.
ment of
10. The assessable income chargeable to salaries tax in Ascertain- any year of assessment shall be the income of the recipient assessable as defined in section 9 for the year preceding that year of income. assessment.