57. Power of the Commissioner-General to issue guidelines for specific periods

Subject to the provisions of this Act, the

Commissioner-General may, for the effective implementation of the provisions of this Act, issue guidelines as may be necessary for the purpose of calculating the income tax payable for the year of assessment ending March 31,

2020, specifying the computation of assessable income (or losses) from each source, deductions of qualifying payments and reliefs, computation of taxable income, applicable tax rates and tax credits in which to apply the pro-rata basis or actual basis only for the required circumstances as the case may be, for over the two periods of the year of assessment as for the first period from April 1, 2019 to December 31, 2019

and for the second period from January 1, 2020 to March 31,

2020.

Act, No. 10 of 2021