Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698071628819.pdf (Guyana)
234 No.

24 of 1968.

.. GUYANA REGULATIONS MADE UNDER THE INCOME TAX ORDINANCE, ( Chapter 299).

UNDER SECTION 83 ( 1) OF THE INCOME TAX ORDINANCE THE FOL­ LOWING REGULATIONS HAVE BEEN 1-'lADE BY THE MINlSTER:- 1.

These Regulations ,may be cited as the Income Tax (Payment of and read as one with nhe Income Tax (Payment No.

2) Regulatiuns, 1968, and shall be con­ of Tax by Companies) (Amendment Tax by Companies) strued Regulations, refened Regulations amending 1962, * hereinafter the same.
to ·ais the Principal Regulations, and any 2.

Regulation • renumbering the following the regulation paragraphs- 3 of t11e Principal Regulations ( 1) of regulation is hereby amended by 3 and adding thereto as paragraph " ( 2) Where the arnount of a companv's r'\iargeabl year of assessment e income for before the ensuing in (3) of this regulation, exceeds the income for the year immediately by the year, there shall be due and payable preceding with paragraph on the fifteent!h.
day the said year of assessment any year, as estimated accordance amount of its chargeable the first-mentioned company preceding tax on the amount of such excess, paragraph reference required instalment of income, to say - ( 1 ) of this regulation to any year of assessment by the foregoing have effect subject shall, in so far as it applies and in relation of this paragraph with to a company to pay an , provisions the tax for such year of assessment on the company's to the following moclificaticms, that is of the month of December an instalment for that year of asses,srnenti; and of tax, equal to ,11, immediately (a) the substitution sub-paragraph for reference (a), of reference to the first instalment, to· the second instalment; in •No.
17 of 1962.

... - ..
I • 235 (b)except in the case of a company to which regukitio n :i of these Regulations in respect of chargeable income applies in that regulation, for relerrocc the substitution mentioned to the tax, at the end of.�ub-paragraph to (a), of reference the tax less any amount thereot paid; a:lready ( c)the substitution sub-paragraph for reference (b), of reforence to the second instalment, to the third instalment; in for reference of reference to tihe third instalment, i,n inst�ment, to ,the fourth made under the said provisions of ( c J, (d)the substitution sub-paragraph and the amount of any payment this paragraph tions applies of computing under any such sub-paragraph.
.. by a company to wru.cn regulation 5 of -tlhese Regula­ �s aforesaid by way of such application shall be left out of account for the purpose the amount of tax payable ( 3)For the purposes of paragraph ( 2) of this regulation, shall be taken into for the purpose its chargeable every company whose income from any sources account income for of ascertaining any year snail, noc less than two momhs before the ensuing year of assessment, the cha:rgeable mit to t�e ComrnissiOtD.er or other amounts estimated behalf, as allowances on bases specified whether as income from sour,ces specified or as the resulbs income aforesaid wherein shall be shown all as aforesaid: suoh estimate, of whioh account therewith in keeping estimate has been taken in that and trans­ or in the Ordinance of computatio;ns Provided that where the Commissioner by a company, or in default ,is not satisfied with the by any company, income in question the Commissioner according of such trans­ may to the best of and may, in writ;ing, notify the company of his estimate so transmitted of an estimate the chargeable estimate mission estimate h1s judgment not later than the fourteenth mediately preceding the s,aid of paragraph surbstituted relates, for the aJS the case may be."
estimaite (2) of this regulation, year of asse,s�ment; day of the month of December im­ and for the purposes shall be so notified or to which such default .. so transmitted the estimate - 3.

Regulation immediately serting 3 and".

regulation 4 of the Principal Regulations is hereby amended by in­ (3) or the words "paragraph before the word "regulation" Made this 9th day of November, 1968.

P.A.

REID, Minister of Finance.