(1) A person who grants an annuity under an annuity contract shall notify the Comptroller of all payments made under the contract.
(2) A person who grants an annuity under an annuity contract, shall render the returns required to be rendered by employers under Schedule 4 and deduct income tax in accordance with Schedule 4 as if the person was an employer of the person to whom the annuity payment is made. (Amended by Act 2 of 2009)
(Inserted by Act 12 of 1999)