Clause 30

Section 46 of the principal Act is amended by inserting, immediately after subsection (2B), the following subsection:“(2C) Notwithstanding subsection (1), where the tax on any dividend paid in 1993 has been deducted at the rate of 30%, the tax to be set off under subsection (1) shall be the sum deemed to be the tax deducted from such dividend under section 44(11C).”.