Regulation 4 Income tax privilege

This Regulation applies to a relevant person who is party to a relevant contract.

Income tax will not be payable on the salary, wages or emoluments earned by that person under the relevant contract and during the term of the relevant contract.

Paragraph (2) does not apply to pensions and annuities earned by a relevant person under the relevant contract.

The salary, wages and emoluments earned by that person under the relevant contract may be taken into account for the purpose of assessing the amount of taxation to be applied to income from other sources.