10 14 Amendment of section 46 of Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2004, section 46 (“Additional tax in event of default or omission”) of the Income Tax Act [Chapter 23:06] is amended by the insertion after subsection (1) of the following subsection— “(1a) Where a taxpayer, having previously been required to pay any additional tax in terms of subsection (a), (b), (c), (d) or (e) of subsection (1), makes any default or omission or does any act or thing that would again render him or her liable for payment of additional tax in terms of the same or a different paragraph of that subsection, he or she shall be required, in addition to the tax chargeable in respect of his or her taxable income, to pay an amount of tax equal to twice the amount payable in terms of subsection (a), (b), (c), (d) or (e) of subsection (1), as the case may be.”. 15 Amendment of section 71 of Cap. 23:06 Section 71 (“Appointment of day and place for payment of tax”) of the Income Tax Act [Chapter 23:06] is amended— (a) in subsection (2) by the deletion of “Subject to section seventy-two and the Thirteenth Schedule, if tax is not paid on or before the date or dates notified by the Commissioner” and the substitution of “If tax is not paid on or before such days and at such places as are fixed or prescribed by or under this Act or, where no such time or place is so fixed or prescribed, as are notified by the Commissioner”; (b) by the insertion after subsection (2) of the following subsection— “(3) For the avoidance of doubt it is declared that where any person responsible for the payment of any tax to the Commissioner in terms of the Ninth, Thirteenth, Fifteenth, Sixteenth, Seventeenth or Eighteenth Schedule fails, within the time provided by the Schedule concerned to pay the tax, interest calculated at a rate to be fixed by the Minister by statutory instrument shall be payable on so much of the tax as remains unpaid during the period beginning on the day next following the last day provided in the Schedule concerned for its payment and ending on the date the tax is paid in full.”. 16 Amendment of Third Schedule to Cap. 23:06 The Third Schedule (“Exemptions from Income Tax”) to the Income Tax Act [Chapter 23:06] is amended— (a) in paragraph 2 with effect from the year of assessment beginning on the 1st January, 2004, by the insertion of the following subparagraph after subparagraph (l) — “(m) the Deposit Protection Fund established in terms of section 66 of the Banking Act [Chapter 24:20].”; (b) in paragraph 4— (i) with effect from the 1st November, 2003, in subparagraph (o) by the deletion from subparagraph (ii) of “twenty thousand dollars” and the substitution of “one hundred thousand dollars”; (ii) with effect from the year of assessment beginning on the 1st January, 2004, in subparagraph (p)—