13. Amendment of section 25B of the principal enactment

Section 25B of the principal enactment is hereby amended in subsection (1) thereof by the repeal of paragraph (b) and the substitution therefor of the following:-

“(b) six months for any taxable period commencing on or after January 1, 2011:

Provided that, in the case of a specified institution or any other person whose accounts are made up for a twelve months period ending on the 31st day of March the six months period may be commenced on the 1stday of April and the 1st day of September for that period of twelve months. In such event a separate return for the period commencing from the 1stday of January to the 31st day of March shall be submitted at the time of such change with the approval of the Commissioner-General.”.