Section 111Y: Interpretation
This section is inserted by COVID-19 (Miscellaneous Provisions) Act 2020, section 24.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
111Y. Interpretation
In this Sub-part –
“chargeable income for levy” means the aggregate amount remaining
after deducting from the gross income all allowable deductions except the
unrelieved amount of a loss carried forward under section 59 from a
previous year of assessment;
“employer” means an individual, a resident société or a company;
“levy” –
(a) means the COVID-19 levy referred to in section 111Z; and
(b) includes any penalty and interest imposed under this Act;
“Wage Assistance Scheme” means the scheme referred to under Part
XIIB.