REMOVAL OF SECRECY (DETAILS OF INCOME) [ S.L.372.10 1
SUBSIDIARY LEGISLATION 372.10
REMOVAL OF SECRECY (DETAILS OF INCOME) 
RULES
12th May, 1995
 LEGAL NOTICE 60 of 1995.
Title.
Income) Rules.
Prescribed details.
Cap. 372.
2. The details of income to which the provisions of article 4
of the Income Tax Management Act in regard to secrecy shall not
apply in terms of subarticles (4) and (5) of the said article 4 shall be
those contained in the First Schedule.
Prescribed form of 
statement and 
information.
Cap. 372.
3. The statement to be submitted in accordance with
paragraph ( a ) and any information to be given in accordance with
paragraph ( b ) of article 4(5) of the Income Tax Management Act
shall be in the form set out in the Second Schedule. 
Applicability.
Cap. 372.
4.  Rules 2 and 3 shall apply to details of income contained in
any return filed in accordance with article 10 of the Income Tax
Management Act in respect of the year of assessment 1995 and
subsequent years of assessment.
2 [ S.L.372.10 REMOVAL OF SECRECY (DETAILS OF INCOME)
FIRST SCHEDULE
(Rule 2)
Details of Income declared for the purposes of article 10 
of the Income Tax Management Act
(A) Profession :  Gross Earnings, Expenses Claimed, Net Profits/
Losses
(B) Vocation :  Gross Earnings, Expenses Claimed, Net Profits,
Losses
(C) Business : Gross Profit, Expenses Claimed, Net Profits/Losses
(D) Trade :  Gross Takings, Expenses Claimed, Net Profits/Losses
(E) Employment :  Gross Salary (including Overtime, Allowances, etc.)
(F) Pension : Gross Occupational and Social Security Pension
(G) Dividends :  Gross Local and Foreign Dividends
(H) Bank/
Other Interests:  Gross Local and Foreign Interests
(I) Rents :  Gross and Net Rents
(J) M. P. Honoraria/ 
Allowances :  Gross Amount
(K) Other Income: Gross Amount (including Commissions, Wife’s
Income, etc.)
(L) Capital Gains: Gross Earnings, Expenses Claimed, Net Profits/
Losses
REMOVAL OF SECRECY (DETAILS OF INCOME) [ S.L.372.10 3
SECOND SCHEDULE
(Rule 3)
Details of Income
(A) Profession
Gross Earnings Lm
Expenses claimed Lm
Net Profit/Loss ( 1 ) Lm
(B) Vocation
Gross Earnings Lm
Expenses claimed Lm
Net Profit/Loss ( 1 ) Lm
(C) Business  ( 2 )
(i) (ii) (iii)
Gross Profit Lm Lm Lm
Expenses claimed Lm Lm Lm
Net Profit/Loss ( 1 ) Lm Lm Lm
(D) Trade  ( 2 )
(i) (ii) (iii)
Gross Takings  Lm Lm Lm
Expenses claimed Lm Lm Lm
Net Profit/Loss ( 1 ) Lm Lm Lm
(E) Employment  ( 3 )
Gross Salary (including
overtime, allowances, etc.) Lm
(F) Pension
Gross Occupational Pension Lm
Gross Social Security Pension Lm
(G) Dividends
Gross Local Dividends Lm
Gross Foreign Dividends Lm
(H) Bank/Other Interests
Gross Local Interests Lm
Gross Foreign Interests Lm
4 [ S.L.372.10 REMOVAL OF SECRECY (DETAILS OF INCOME)
(I) Rents  ( 4 )
Gross Rents Lm
Net Rents Lm
(J) M.P. Honoraria/Allowances
Gross Amount Lm
(K) Other Income Gross Amount (including
Commissions, Wife’s Income,
etc.)
Lm
(L) Capital Gains
Gross Earnings Lm
Expenses claimed Lm
Net Profit/Loss ( 1 ) Lm
( 1 ) After all losses and capital allowances brought forward have been taken into
account.
( 2 ) Separate columns show results for different lines of business/trade.
( 3 ) Different sources of whole-time and part-time employment are included in
gross salary.
( 4 ) Difference between gross and net rents represents ground rents, burthens and
interests on loans.
