11. Amendment of section 26 of the principal enactment

Section 26 of the principal enactment is hereby amended by the repeal of subsection (1) thereof and the substitution therefor of the following :-

“(1) The tax in respect of any taxable period shall be paid not later than the twentieth day of the month following the end of the taxable period:

Provided that, in a case of a person whose taxable period falls in the definition referred to in paragraph (b) of the definition of the expression taxable period referred to in section 83, the tax in respect of any quarter commencing on or after January 1, 2006

shall be paid, subject to the making of any final adjustments, if any, with the submission of the return, in the following manner:-

the tax payable for the first month of the taxable period, shall be paid not later than the twentieth day of the second month of the taxable period;

the tax payable for the second month of the taxable period shall be paid not late than the twentieth day of the third month of the taxable period;

the tax payable for the taxable period after deducting there from the amount under paragraphs (a) and (b) shall be paid not later than the twentieth day of the month following the end of that taxable period.