s 8
Section 110 of the principal Act is amended by Amendment inserting, after subsection (1A), the following subsection: 110. of section "(1B) Notwithstanding subsection (1), where tax on any dividend paid, credited or distributed during the basis year for the year of assessment 1993 has been deducted at the rate of thirty-five per cent, the tax to be set off under subsection (1) shall be the sum deemed to be the tax deducted from such dividend under section 108(2B).".