On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 29/01/1988.
19. The Fifth Schedule to the principal Act is amended —
(a)
by deleting paragraphs 1, 2 and 3 and substituting the following paragraphs:
“1. Subject to the provisions of this Schedule, the allowable deduction to an individual in respect of each of his eligible children shall be as follows:
(a)
For the 1st, 2nd and 3rd child $750
(b)
For the 4th and 5th child if born before 1st August 1973 $300.
2. Subject to paragraph 7(b), no deduction shall be granted under any paragraph of this Schedule in respect of a child born on or after 1st August 1973 if that child is the fourth or subsequent child.”;
(b)
by deleting the words “or 2, as the case may be” in the last line of paragraph 4;
(c)
by deleting the words “paragraph (6)” in paragraph (7) and substituting the words “paragraph (5)”;
(d)
by renumbering paragraphs 4 to 7 as paragraphs 3 to 6, respectively;
(e)
by deleting paragraph 8 and substituting the following paragraph:
“7. Where a married woman who has elected to be charged in her own name under section 51(4) has passed at one sitting the examination for the General Certificate of Education with at least 3 subjects at ordinary level or has equivalent or higher educational qualification, the deductions in respect of —
(a)
the first 3 eligible children shall be as follows:
(i)
for the first child 5% of her earned income, in addition to the appropriate deduction allowable under paragraph 1, subject to a maximum of $10,000;
(ii)
for the second child 10% of her earned income, in addition to the appropriate deduction allowable under paragraph 1, subject to a maximum of $10,000;
(iii)
for the third child 15% of her earned income, in addition to the appropriate deduction allowable under paragraph 1, subject to a maximum of $10,000; and
(b)
in respect of a child, other than an adopted child, born on or after 1st January 1987 being the fourth child of the family, a deduction of $750 and 15% of her earned income, subject to a maximum of $10,000.”;
(f)
by deleting the words “paragraph (8)” wherever they appear in paragraphs (9) and (10)(b) and substituting in each case the words “paragraph (7)”;
(g)
by deleting the full-stop at the end of sub-paragraph (b) of paragraph 10 and substituting a semi-colon, and by inserting immediately thereafter the following sub-paragraph:
“(c)
where any question arises as to the ranking of any child for the purpose of any deduction to be granted under this Schedule, it shall be determined by the Comptroller whose decision shall be final.”; and
(h)
by renumbering paragraphs 9 and 10 as paragraphs 8 and 9, respectively.