Clause 15

by deleting “26%” in subsection (1) and substituting “25.5%”;

by inserting, immediately after the word “dividend” in the last line of subsection (2), the words “; and where a dividend is deemed to have been received by a shareholder under section 10J(3A)(b), such certificate shall also specify that the dividend is in respect of a share buyback through a special trading counter”;

by deleting subsection (13) and substituting the following subsection:“(13) Notwithstanding anything in this Act, where the tax on any dividend paid in the year 2000 has been deducted at the rate of 26% —

the amount of such dividend received by a shareholder shall be deemed to have been paid without deduction of tax and to be a dividend of such a gross amount as after deduction of tax at the rate of 25.5% would be equal to the net amount paid; and a sum equal to the difference between such gross amount and the net amount paid shall be deemed to have been deducted from the dividend as tax; and

the difference between the amount of the tax deducted at 26% from such dividend and the amount deemed to have been so deducted under paragraph (a) shall be added to the balance on the first day of the year of assessment 2001 and deemed to be a part thereof.”; and

by deleting the words “section 46(6)” in the last line of subsection (14)(f) and substituting the words “section 46(3)”.