CAP. 112]
[8. 48 cont.]
Double taxation arrangements.
30 of 1950, Schedule.
Tax credits.
Inland Revenue.
aircraft from the provisions of this section, and thereupon such profits shall be treated as if they do not arise in the Colony.
(3) The master of any ship or aircraft owned or chartered by a person whose profits are calculated under the provisions of this section shall (though not to the exclusion of any other agent) be deemed the agent of such person for all the purposes of the Ordinance.
[49]
49. (1) If the Governor in Council by order declares that arrangements specified in the order have been made with the Government of any territory outside the Colony with a view to affording relief from double taxation in relation to income tax and any tax of a similar character imposed by the laws of that territory, and that it is expedient that those arrangements should have effect, the arrangements shall have effect in relation to tax under this Ordinance notwithstanding anything in any enactment.
(2) On the making of an order under this section with respect to arrangements relating to the United Kingdom, section 44 shall cease to have effect except in so far as the arrangements otherwise provide.
(3) On the making of an order under this section with respect to arrangements relating to any territory forming part of the Commonwealth (other than the United Kingdom or this Colony), section 45 shall cease to have effect as respects that territory except in so far as the arrangements otherwise provide.
(4) Any order made under this section may be revoked by a subsequent order.
(5) Where any arrangements have effect by virtue of this section, the obligation as to secrecy imposed by section 4 shall not prevent the disclosure to any authorized officer of the government with which the arrangements are made of such information as is required to be disclosed under the arrangements.
(6) The Governor in Council may make rules for carrying out the provisions of any arrangements having effect under this section.
[50]
50. (1) The provisions of this section shall have effect where, under arrangements having effect under section 49, tax payable in respect of any income in the territory with
332
Page 40
Page 41
CAP. 112]
[8. 48 cont.]
Double taxation arrange- ments.
30 of 1950, Schedule.
Tax credits.
Inland Revenue.
aircraft from the provisions of this section, and thereupon such profits shall be treated as if they do not arise in the Colony.
(3) The master of any ship or aircraft owned or chartered by a person whose profits are calculated under the provisions of this section shall (though not to the exclusion of any other agent) be deemed the agent of such person for all the purposes of the Ordinance.
[49]
49. (1) If the Governor in Council by order declares that arrangements specified in the order have been made with the Government of any territory outside the Colony with a view to affording relief from double taxation in relation to income tax and any tax of a similar character imposed by the laws of that territory, and that it is expedient that those arrangements should have effect, the arrangements shall have effect in relation to tax under this Ordinance notwithstanding anything in any enactment.
(2) On the making of an order under this section with respect to arrangements relating to the United Kingdom, section 44 shall cease to have effect except in so far as the arrangements otherwise provide.
(3) On the making of an order under this section with respect to arrangements relating to any territory forming part of the Commonwealth (other than the United Kingdom or this Colony), section 45 shall cease to have effect as respects that territory except in so far as the arrangements otherwise provide.
(4) Any order made under this section may be revoked by a subsequent order.
(5) Where any arrangements have effect by virtue of this section, the obligation as to secrecy imposed by section 4 shall not prevent the disclosure to any authorized officer of the government with which the arrangements are made of such information as is required to be disclosed under the arrangements.
(6) The Governor in Council may make rules for carrying out the provisions of any arrangements having effect under this section.
[50]
50. (1) The provisions of this section shall have effect where, under arrangements having effect under section 49, tax payable in respect of any income in the territory with
332
Page 40Page 41
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