(1) Notwithstanding any other provision of the Tax Acts, this section shall apply for the purposes of regulating the time and manner in which appropriate tax in connection with a chargeable event in relation to a unit holder shall be accounted for and paid.
(2) An investment undertaking shall for each financial year make to the Collector-General -
(a) a return of the appropriate tax, and amounts which may be credited under section 739E(1A), in connection with chargeable events happening on or prior to 30 June, within 30 days of that date, and
(b) a return of appropriate tax, and amounts which may be credited under section 739E(1A), in connection with chargeable events happening between 1 July and 31 December, within 30 days of that later date,
and where it is the case, the return shall specify that there is no appropriate tax for the period in question.
(3) The appropriate tax in connection with a chargeable event which is required to be included in a return (reduced by any amount whic
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