Current Payment System definition

Current Payment System means the system of payment of income tax referred to in Sub-Part B of Part VIII;
Sample 1Sample 2Sample 3

Examples of Current Payment System in a sentence

  • The Income Tax (Current Payment System (CPS) and Pay As You Earn (PAYE)) Regulations 1993.(2) Notwithstanding the repeal of the regulations specified in paragraph (1), any act or thing done under those regulations shall be deemed to have been made under these regulations.

  • Issues with Current Payment System The current LIHEAP system is similar to those implemented in other states and is consistent with the Federal program requirements.

  • REQUIRED:a) Discuss whether Bernard is liable to file CPS (Current Payment System) Statement of Income for the quarter ended 30 September 2018.

  • Self employed persons who derive income from any trade, business or profession or from rental of property are required to file their return and pay income tax under the Current Payment System (CPS) in some circumstances.

  • These include: Bank of Uganda; Capital Markets Authority; Uganda Securities Exchange; Ministry of Finance, Planning and Economic Development, Uganda Communications Commission; Uganda Law Reform Commission; Uganda Bankers Association; representative Banks, Credit Institutions, Microfinance Institutions; and Current Payment System Service Providers.

Related to Current Payment System

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Premium payment plan means a benefit plan whereby state and

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Adjustment system means the device by which the seat or its parts can be adjusted to a position suited to the morphology of the seated occupant. This device may, in particular, permit:

  • Payment Network means a debit or credit network (such as the ACH Network or ACCEL / Exchange payment network) through which funds may be transferred.