Income Tax Act (Cap. 123), article 65

65. A recipient of an untaxed dividend may declare such dividend on his tax return and where a declaration is made as aforesaid any tax (or repayment) due shall be determined as if article 64 did not apply, and any tax withheld pursuant to arti cle 62 shall be credited against the recipient’s income tax liability and, where applicable, shall be availa ble for any refund which may b e INCOME TAX [CAP. 123. 195 due in respect of that tax for the relevant year of assessment. Untaxed dividend paid to non- recipient. Added by: XVII. 1994.26.