Section 59

in subsection (1), by substituting for the word “six” the word “five”;

in subsection (3), by substituting for the word “six” the word “five”; and

by inserting after subsection (3) the following subsection:

“(4) Where pursuant to section 21b and subject to subsection 14(5), an acquirer fails to retain and remit the amount required under that section, and the failure is by reason of an incorrect or wrong notification furnished to him under section 13, there shall be included in the assessment made in respect of the person who furnished such notification, a sum equal to ten per cent of the tax payable by that person.”.

37

Finance amendment of section 19