Contributions payable by persons not previously received assessment from Comptroller
10.—(1) Notwithstanding regulation 4 and subject to paragraph (2), where a self-employed person as at 1st July of the year 1992 or as at 1st January of any subsequent relevant year has not previously received any notice of assessment from the Comptroller or any notice from the Comptroller informing him that on the basis of the income declared in his return of income, he is not liable to pay income tax, he shall pay contributions on his own behalf equivalent to —
(a)
$90 in respect of the period from 1st July to 31st December 1992;
(b)
$180 in respect of the period from 1st January to 31st December 1993;
(c)
$240 in respect of the period from 1st January to 31st December 1994;
(d)
$300 in respect of the period from 1st January to 31st December 1995; and
[S 489 /94 wef 1.1.95.]
(e)
$360 in respect of the period from 1st January to 31st December 1996 .
[S 568 /95 wef 1.1.96]
(2) If the amount of contributions a self-employed person would have been liable to pay, if his contributions were computed in accordance with regulation 4, is less than the amount specified in paragraph (1), he may pay such lesser amount if he proves to the satisfaction of the Board, with such supporting evidence as the Board may require, that the amount of his income is such as would render him liable to pay the lesser amount.
(3) The contributions payable under this regulation for any relevant year may be paid to the Board in instalments at the end of each month so long as the total amount of contributions is paid before the end of the relevant year.
(4) The Board shall not be required to recompute the amount of contributions payable under this regulation.