Income Tax Act (Cap. 123), article 90

90. (1) If it be proved to the satisfaction of the Commissioner that any person has paid levy in any year in respect of any bea rer account under the Bearer Accounts Levy Act , the tax chargeable under this Act on the interest accruing or derived from such account for that year shall be reduced by the amount of the sai d levy. (2) For the purposes of the reduction granted by sub-article (1) hereof, the interest on any bear er account shall be deemed to b e the highest part of the total income for the year of assessment for which such interest is b rought to charge to tax. Tax on part-time work. Added by: I.1994.3. Substituted by: XX.1996.19. Amended by: V . 1998.8; XI. 2000.10; II. 2002.57; II. 2005.13; L.N. 409 of 2007; V . 2012.23; VII.2018.25; VIII.2020.22;* VII.2022.29.