Income Tax (Guernsey) (Amendment) Law, 2004

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PROJET DE LOI

ENTITLED

The Income Tax (Guernsey) (Amendment) Law, 2004

THE STATES, in pursuance of their Resolution of the 10^th December, 2003[a], have approved the following provisions which, subject to the Sanction of Her Most Excellent Majesty in Council, shall have force of law in the islands of Guernsey and Herm.

Amendment of 1975 Law.

1. For section 62 of the Income Tax (Guernsey) Law, 1975, as amended[b], substitute the following -

"Dividends paid by exempt bodies.

62. A body which has been granted an exemption from tax in accordance with an Ordinance made under section 40A shall, on making payment of a dividend or distribution to a person resident in Guernsey, furnish such particulars of it as the Administrator may require.".

Citation.

2. This Law may be cited as the Income Tax (Guernsey) (Amendment) Law, 2004.

Commencement.

3. This Law shall have effect, by virtue of the States' resolution of the 26^th May, 2004[c], under and subject to the provisions of the Taxes and Duties (Provisional Effect) (Guernsey) Law, 1992[d], on and after the 1^st June, 2004.

[a]	Article I.6 of Billet d'État No. XXVII of 2003.
[b]	Ordres en Conseil Vol. XXV, p. 124; section 62 was substituted by Vol. XXXI, p. 473.
[c]	Article of Billet d'État No. of 2004.
[d]	Order in Council No. XI of 1992.