Day to refund
badance after payment of LITT
Duty to TEDDY
principal value of Certificate.
Prohibition
against
transfer of
certificate or
obligations
created,
Power to refuse to
accept or LO
repay on certificates
Provided that-
(a) interest shall not be paid on any certificate for more than
thirty-six months;
(b) where a certificate is only partially used in payment of tax, interest shall be calculated on an amount to the nearest $50.00 above the amount of the tax.
8.
Where a taxpayer tenders a certificate in payment of tax, and the certificate is of greater value than the tax payable, interest shall be calculated under the provisions of rule 7 on the amount of tax payable || and a new certificate shall be issued for such part of the balance which is capable of division into multiples of $50.00 and the new certificate shall bear the same date as the certificate tendered. The remaining portion of the balance, if any, shall be refunded to the taxpayer in cash.
9. The Commissioner shall repay the holder on demand the principal value of any certificate but shall not pay any interest thereon.
10. Certificates or the obligations created thereby may not be transferred except as may be ordered by a court of competent jurisdic- tion.
11. The Commissioner may refuse to accept any certificate tendered in payment of tax or he may refuse repayment to the holder of the principal value thereof until be is satisfied that the signature on the reverse of such certificate is that of the holder, his duly authorized Commissioner agent or his personal representative or, where the holder is partner- ship, body of persons or corporation, that of a partner or official authorized to sign on behalf of the holder.
until
satisfied as to holder's signature.
Power to issue duplicates.
Saving. (G.N.A. 132/53). (G.N.A. 30/58).
(G.N.A. 160/60).
12. The Commissioner may, on being satisfied upon such evidence as he may require, issue upon such conditions as he may impose a duplicate of any certificate which has been lost, mislaid, destroyed or mutilated.
13. On or after the coming into operation of these rules the Tax Reserve Certificates Rules, 1955, and the Tax Reserve Certificates (Second Series) Rules, 1958, and the Tax Reserve Certificates (Third Series) Rules, 1960, shall cease to have effect save in relation to certi ficates issued thereunder prior to the coming into operation of these rules.
SCHEDULE. FORM 1.
TAX RESERVE CERTIFICATE.
Ir. 5.1
This Certificate is issued by the Commissioner of Inland Revenue in acknowl- edgement of the sum stated below, and entitles the applicant to repayment of the sum so stated together with any interest which might accrue, in accordance with the conditions set out in the Tax Reserve Certificate (Fourth Series) Rules, 1962.
Date Purchased
Receipt No. For official reference
AMOUNT
REVERSE OF FORM. INSTRUCTIONS.
Delete Paragraph I or II according to circumstances, complete the remaining paragraph and SIGN the form in the space below. The signature must be that of the holder or his legal representative or, where the holder is a partnership, body of persons or corporation, that of a partner or official authorized to sign on behalf of the holder.
T.
J.
FOR USE WHEN THE CERTIFICATE IS TENDERED IN PAYMENT OF TAX.
), being the holder/the legal personal representative of the holder/authorized to sign on behalf of the bolder 12) named in this Certificate, request that the principal sem fer so much thereof as is required) together with any interest payable be applied in payment or toward's payment of tax which is payable by the holder under the Inland Reveque Ordinance as shown on the accompanying documents of demand and the balance (if any) to be refunded to the holder,
II. FOR USE WHEN THE HOLDER WISHES TO REDEEM
CERTIFICATE AT FACE VALUE,
I.
(1), being the holder/the
legal personal representative/authorized to sign on behalf of the holder") named in this Certificate, request that the sum of 3
being the
whole of the principal sum, be repaid to the bolder.
Dare
Signature
(1) Insert full mine al përkim signing this Certificate.
Deer the alternatives which do not apply.
12th March, 1962.
By Command,
Colonial Secretary.
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