The Finance Act, 2010
The Act’s Parts are deemed to have come into operation on 1 July 2010.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- Tanzania
- Instrument
- Act or statute
- Citation
- The Finance Act, 2010
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Publicly available, excluded from search-engine indexing
This page remains available for direct access and API use, but this release emits
noindex,follow for the following reasons:
- The record does not meet this release's canonical indexing criteria.
(market-indexing-disabled) - The record does not meet this release's canonical indexing criteria.
(emergency-noindex)
Statute overview
About this statute
The Act’s Parts are deemed to have come into operation on 1 July 2010. This section says this Part must be read together with the Cashew nut Industry Act, called the principal Act. This provision amends the principal Act by inserting a new section immediately after section 7. Exporters of raw cashew nuts must pay an export levy, and the Tanzania Revenue Authority must compute and collect it. This Part is to be read together with the principal Act.
Search within this statute
Search all stored provisions in this version.
Legal text
Provisions of The Finance Act, 2010
Showing 49 of 49
Part
PART 1
- 2 Verify source ↗
The provisions o f the various Parts o f this Act shall be deemed
AI-assisted research summary: The Act’s Parts are deemed to have come into operation on 1 July 2010.
2. The provisions o f the various Parts o f this Act shall be deemed to have come into operation on the 1st day o f July, 2 0 1 0 . PART II AMENDMENT O F THE CASHEWNUT INDUSTRY ACT, ( C A P . 2 0 3 ) Constru-
Part
PART II
- 3 Verify source ↗
Section 3
AI-assisted research summary: This section says this Part must be read together with the Cashew nut Industry Act, called the principal Act.
3 . T h is Part shall be read as on e w ith the C a s h e w nut ( ’ vp%)3 In d u stry A ct, h erein after referred to as the “ p rin cip a l A c t” . 3 No. 15 Addition oikscction Finance 2010 - 4 Verify source ↗
j h e p rin cip a l A c t is a m e n d e d by a d d in g im m e d ia te ly
AI-assisted research summary: This provision amends the principal Act by inserting a new section immediately after section 7.
4. j h e p rin cip a l A c t is a m e n d e d by a d d in g im m e d ia te ly a ^ e r s e c tjo n |7 fo llo w in g n e w section: "Payment ol - 17A Verify source ↗
(1) A person who exports raw cashew
AI-assisted research summary: Exporters of raw cashew nuts must pay an export levy, and the Tanzania Revenue Authority must compute and collect it.
17A.-(1) A person who exports raw cashew export nuts s|ia j| p a y an eXp0rt | e V y to be computed and collected by the Tanzania Revenue Authority at the rate o f 15 per centum o f the FOB value or the amount equivalent to US dollars one hundred sixty per metric tone, whichever is higher. (2) The total amount o f export levy collected under subsection (1) shall be distributed in such a manner that: (a) 65% would be remitted to the Cashewnuts Industry Development Trust Fund: and 35% would be remitted to the Consolidated Fund. (b) (3) T h e M in iste r shall, in c o n s u lta tio n w ith stakeh o ld e rs, m a k e r e g u la tio n s p re s c rib in g a m e c h a n is m for d is trib u tio n and use o f the levy co llec te d in te rm s o f su b p a r a g ra p h (a) a m o n g s t c a s h e w nuts s ta k e h o ld e rs .” A m e n d m e n t o f t h e E x c i s e ( M a n a g e m e n t a n d T a r i f f ) A c t , ( C a p . 147) P A R T III Constru ction Cap. 147 A m e n d ment o f se ction 2 A m e n d ment o f se ction 122 - 5 Verify source ↗
Section 5
AI-assisted research summary: This Part is to be read together with the principal Act.
5. the E x cise ( M a n a g e m e n t and Tariff) Act, h ere in a fte r re ferred to as the T h is Part shall be read as o n e w ith “ p rin cip a l A c t ” . - 6 Verify source ↗
T h e p rincipa l A ct is a m e n d e d in se c tio n 2, by in serting in
AI-assisted research summary: The Act is amended to add a definition of “Minister” as the Minister responsible for finance.
6. T h e p rincipa l A ct is a m e n d e d in se c tio n 2, by in serting in its a p p r o p ria te alp h ab e tic al ord e r the fo llo w in g n e w definition: “ M in is te r ” m e a n s the M in iste r re s p o n sib le fo r f in a n c e ;” - 7 Verify source ↗
T h e princip a l A ct is a m e n d e d in se c tio n 122(1), by
AI-assisted research summary: This provision amends section 122(1) of the principal Act by replacing the word “authority” with “Minister”.
7. T h e princip a l A ct is a m e n d e d in se c tio n 122(1), by the w o rd d e le tin g the w o rd “ a u th o rity ” and su b s titu tin g for it “ M in is te r” . 4 No. 15 Amend ment of section 124 Amend ment of the Fourth Schedule Finance 2010
Part
Schedule
- 8 Verify source ↗
Section 8
AI-assisted research summary: This section amends section 124(3) by replacing the words “mobile phone services” with “airtime”.
8. T h e p rin cip a l A ct is a m e n d e d in sec tio n 124(3), by d e le tin g th e p h ra s e “m o b ile p h o n e s e rv ic e s ” an d s u b s titu tin g for it the w o rd “ a irtim e ” . - 9 Verify source ↗
T h e F o u rth S c h e d u le to the prin cip a l A c t is a m e n d e d by
AI-assisted research summary: This section replaces listed excise duty rates in the Fourth Schedule with new rates.
9. T h e F o u rth S c h e d u le to the prin cip a l A c t is a m e n d e d by d e le tin g th e rate s o f e x c ise d uty sp ec ifie d in the Fifth C o lu m n w h ic h are cu rre n tly im p o s e d on item s sp ec ifie d in the T hird C o l u m n a n d su b stitu tin g for th em the rates s p e c ifie d in the S ix th C o lu m n : U .S . C o d e No. H e a d i n g 2 2 .02 “FOURTH SCHEDULE Unit D es c r ip tio n O ld E x c is e R a tes N e w E x c is e Rates W a t e r s , in c l u d in g m in e ra l w a t e r s and a e r a t e d w a t e r s , c o n t a i n i n g a d d e d s u g a r or o t h e r s w e e t e n i n g m a tt e r or o t h e r n o n an d f l a v o u r e d , a lc o h o lic n ot b e v e r a g e s , in c l u d in g fruit or v e g e t a b l e j u i c e s o f h e a d i n g 2 0 .0 9 2 2 0 2 . 1 0 . 0 0 - W a t e r s , i n c l u d in g m in e ra l L w a t e r s and a e r a t e d w a t e r s , c o n t a i n i n g a d d e d s u g a r or o t h e r s w e e t e n i n g m a tt e r or fla v o u r e d 2 2 0 2 . 9 0 . 0 0 - O t h e r 2 2 .0 3 B e e r m a d e fro m m alt 2 2 0 3 . 0 0 . 1 0 — S t o u t and p o rter 2 2 0 3 . 0 0 . 9 0 — O t h e r 2 2 .0 4 W i n e i n c l u d in g o f fresh fortified g r a p e s , w in es; g r a p e m u s t o t h e r t h a n t h a t o f h e a d i n g 2 0 .0 9 . - S p a r k l i n g w i n e 2 2 0 4 . 1 0 . 9 0 . —o t h e r L L L L T s h s . p er litre 58 T s h s. 63 per litre T s h 5 8 .0 0 per litre T s h s. 63 p er litre T s h s . per litre 3 5 4 T s h s. 3 8 2 per litre T s h s . 3 5 4 . 0 0 per T s h s. 3 8 2 per litre litre T s h s . 1 ,1 32 .0 0 per litre T s h s . 1,223 per litre 5 No. 15 Finance 2010 - O t h e r w in e; g r a p e m ust L w it h f e r m e n ta t i o n p r e v e n t e d or a r r e s t e d by the a d d itio n o f T s h s. 1,1 3 2 .0 0 per litre T s h s. 1,223 per litre alcoh ol: -- In c o n t a i n e r s h o l d i n g 2 1 or less 2 2 0 4 : 2 1 . 9 0 — O t h e r L 2 2 0 4 . 2 9 . 9 0 — O t h e r - O t h e r g r a p e m ust 2 2 0 4 . 3 0 . 9 0 - -o t h e r 2 2 .0 5 V e r m o u t h a nd o t h e r w i n e o f fresh g r a p e s f l a v o u r e d w ith L plants or aromatic s u b s ta n c e s . - In c o n t a i n e r s h o l d i n g 2 1 or less 2 2 0 5 . 1 0 . 9 0 — O t h e r 2 2 0 5 . 9 0 . 9 0 — O t h e r L 2 2 .0 6 O t h e r f e r m e n t e d b e v e r a g e s T s h s. 1 ,1 3 2 .0 0 p er litre T s h s. 1 ,1 3 2 .0 0 p er litre T s h s. 1 ,1 32 .0 0 p er litre T s h s. 1,223 per litre T s h s. 1,223 per litre T s h s. 1,223 p er litre T s h s . 1 ,1 3 2 .0 0 per litre T s h s. 1,1 3 2 .0 0 p er litre T s h s. 1,223 p er litre T s h s. 1,223 per litre (fo r e x a m p l e , c id er, perry, m e a d ); m i x tu r e s o f f e r m e n te d b e v e r a g e s an d m i x tu r e s o f f e r m e n t e d a nd n o n - a l c o h o l i c b e v e r a g e s , not e l s e w h e r e or in c lu d e d . b e v e r a g e s s p ec ified 2 2 0 6 . 0 0 . 3 0 from — B eer m a d e local u n m a l t e d cere als 100% L T s h s . 2 0 9 . 0 0 per litre Ts h s. 2 2 6 per litre 2 2 .08 U n d e n a t u r e d eth yl a lco h o l o f 1 a lc o h o lic an by v o l u m e o f less tha n 8 0 % vol; s t r e n g t h sp irits, s p i r i t u o u s b e v e r a g e s . liq u e u r s an d o th e r 2 2 0 8 . 2 0 . 0 0 S p ir its o b ta i n e d by L d istillin g g r a p e w i n e or g r a p e m a r c T s h s . 1,678 per litre T s h s. 1,812 per litre 6 No. 15 Finance 2010 1 1 1 1 1 1 1 1 T s h s . 1,678 p er litre T s h s. 1,812 T s h s. 1,678 per litre p er litre T s h s. 1,812 p er litre T s h s . 1,678 Tsh s. per litre T s h s . 1,678 per litre T s h s. l , 6 7 8 p e r litre 1,812 per litre Tsh s. 1 ,8 12 per litre T s h s. l, 8 1 2 p e r litre T s h s. 1,678 T s h s. per litre 1,812 per litre T s h s. 1,678 per litre T sh s. 1,812 per litre mil T s h s. 5 , 7 4 9 . 0 0 per mil T s h s. 5 6 4 litre T s h s. 13, per 2 4 , 6 3 3 per mil Tsh s. 6 ,2 0 9 per mil T s h s. 14,6 49 per mil T s h s. 2 6 ,6 0 4 per mil 2 2 0 8 . 3 0 . 0 0 - W h i s k i e s sp irits d istillin g s u g a r - c a n e 2 2 0 8 .4 0 . 0 0 - R u m a nd o t h e r by o b ta i n e d f e r m e n t e d p r o d u c ts 2 2 0 8 . 5 0 . 0 0 - G in and G e n e v a 2 2 0 8 . 6 0 . 0 0 - V o d k a 2 2 0 8 . 7 0 . 0 0 - L i q u e u r s a nd co r d i a l s - O th e r: 2 2 0 8 . 9 0 . 1 0 — Distilled S p irits K o n y a g i , U g a n d a W a r a g i ) (e.g., 2 2 0 8 . 9 0 . 9 0 — O t h e r C i g a r s , cig arillos and c ig a r e t t e s, o f t o b a c c o or c h e r o o t s , o f t o b a c c o su b s tit u te s . C i g a r e t t e s c o n t a i n i n g t o b a c co : — w i t h o u t filter c o n t a i n i n g d o m e s t i c e x c e e d i n g 7 5 % tip and t o b a c c o 2 4 0 2 . 2 0 . 1 0 — w ith filter tip and mil. c o n t a i n i n g d o m e s t i c e x c e e d i n g 7 5 % t o b a c c o mil. mil. 2 4 0 2 . 2 0 . 9 0 — O t h e r O t h e r m a n u f a c t u r e d t o b a c c o t o b a c c o an d m a n u f a c t u r e d " h o m o g e n i s e d " su b s tit u te s ; to b a c c o ; or " r e c o n s t i t u t e d " to b a c c o e x t r a c t s and es se n c e s . S m o k i n g w h e t h e r or not t o b a c c o , c o n t a i n i n g t o b a c c o p r o p o r t io n su b s ti t u te s in a n y • 7 2 4 .0 2 2 4 .03 No. 15 Finance 2010 2 4 0 3 . 1 0 . 1 0 — cu t rag/Filler T s h s . 12, 4 4 4 .0 0 per l<g T j h s . 13,4 36 p er mil 2 7 .1 0 P e t r o l e u m oils a n d oils o b t a i n e d b i t n m i n i o u s m i n e r a l s , o t h e r than c ru d e; fr o m e l s e w h e r e p r e p a r a t i o n s n ot in c lu d e d , or s p ec ified c o n t a i n i n g by w e i g h t 7 0 % or m o r e o f p e t r o l e u m oils or o f oils o b ta i n e d from b i t u m i n o u s m i n e r a l s , t h e s e oils b e in g the the b asic c o n s t i t u e n t s o f p r e p a r a t i o n ; w a s t e oils. 2 7 1 0 .1 9 .4 1 — fuel R e s id u a l oils ( m a r i n e , f u r n a c e a n d s im ila r fuel o f a K i n e m a t i c v i s c o s i t y o f 125 c e n t ist r o k e s oils) 1 T s h s . p er litre 9 7 T s h s . 80 per litre 2 7 1 0 . 1 9 . 4 2 — R es id u a l fuel oils 1 T s h s . 9 7 ( m a r i n e , f u r n a c e a n d s im ila r fuel o f a K i n e m a t i c v is c o s it y o f 180 c e n t i s t r o k e s oils) p er litre T s h s . 8 0 per litre 2 7 1 0 . 1 9 . 4 3 — oils ( m a r i n e , fu r n a c e a nd sim i l a r R esid u al fuel oils) fuel v i s c o s i t y o f 2 80 c e n t i s t r o k e s o f a K i n e m a t i c 1 T s h s . p er litre 9 7 T s h s. 80 per l itr e ” Constru ction Cap. 41 Amend ment of the Second Schedule PART IV AMENDMENT OF TI IE GAMING ACT, (CAP. 4 1 ) - 24 Verify source ↗
Section 24
AI-assisted research summary: This Part is to be read together with the Motor Vehicles (Tax on Registration and Transfer) Act, and it amends the First Schedule to that Act.
24 . T h is Part shall be read as o n e w ith the M o to r V e h ic le s (T a x on R egistratio n and T ra n s fe r) A c t h ere in a fte r re ferred to as the “ principal A c t” . 25 T h e First S c h e d u le to the p rin cip a l A c t is a m e n d e d in p a r a g ra p h 1, by deletin g- (a) (b) tw e n ty a p p e a rin g (Shs. 1 2 0 ,0 0 0 /= )” th o u s a n d the p h ra s e “ o n e h u n d re d shillings in s u b p a ra g ra p h (3), an d s u b s titu tin g for it the p h ra se “ o n e h u n d re d fifty th o u s a n d shilling s (1 5 0 ,0 0 0 /= ); and the p h ra se “ th irty t h o u s a n d shilling s five ( 3 5 ,0 0 0 /= )” ap p e a rin g in s u b p a r a g ra p h (4), a nd s u b stitu tin g for it the p h ra s e “ forty five t h o u s a n d shillings (4 5 ,0 0 0 /= ). 12 No. 15 Finance PART VIII A m e n d m e n t o f he P u b l i c F i n a n c e A c t , ( C a p .3 4 8 ) 2010 Construction Cap.348 - 43 Verify source ↗
T h e First S c h e d u le to the p rin cip a l A c t is a m e n d e d by
AI-assisted research summary: This section amends the First Schedule to the principal Act by adding a new item about the supply of edible oil by a local processor using local oil seeds.
43. T h e First S c h e d u le to the p rin cip a l A c t is a m e n d e d by a d d in g im m e d ia te ly after item 13 the fo llo w in g n e w item s: “ 14. T h e su p p ly o f e d ib le oil by a local p ro c e s s o r o f e d ib le oil u s in g local oil seeds. - 15 Verify source ↗
Section 15
AI-assisted research summary: This provision refers to the supply of layers mash, broilers mash, and hay by a local manufacturer of animal or poultry feeds.
15. T h e s u p p ly o f layers m ash , b ro ilers m a s h and h ay by a local m a n u fa c tu re r o f a n im al o r p o u ltry feed s." - 44 Verify source ↗
T h e S e c o n d S c h e d u le to the p rin cip a l A ct is a m e n d e d
AI-assisted research summary: This section amends the Second Schedule to the principal Act by changing item and sub-item wording and adding new listed items.
44. T h e S e c o n d S c h e d u le to the p rin cip a l A ct is a m e n d e d (a) in item 5, by d e letin g in item 13, by: (b) s u b -ite m (3); Amendment o f the Second Schedule (c) (d) * (i) (ii) d eletin g a “ full s to p ” at the en d o f the item and insertin g a “ c o m m a ” ; ad d in g im m e d ia te ly afte r a “ c o m m a ” , the fo llo w in g p h ra s e “ m o w e r s and hay m a k in g m a c h in e .” ; item 27, by d e s ig n a tin g its c o n te n ts as in s u b p a ra g ra p h ( 1); by a d d in g im m e d ia te ly after s u b -ite m ( 1) the fo llo w in g n e w su b-item s: “ (2) in tra-tran sp o rt T h e su p p ly o f service from th e farm to the p ro c e s s in g plant o f su g a r cane, sisal o r tea. 21 No. 15 Finance 2010 (e) (3 )T h e su p p ly o f b re e d in g s e r v ic e s .” in item 28, by- (a) d eletin g a p p e a rin g the w o rd “ a n d ” im m e d ia te ly after th e w o r d “t a n k s ” and in sertin g th e re a fte r a “ c o m m a ” ; and (b) d eletin g a “ fu ll-s to p ” a p p e a rin g at th e en d and in sertin g im m e d ia te ly afte r the w o rd “ c a n s ” the fo llo w in g p h ra s e “ m ilk p u m p s, m ilk hoses, m ilk p a steu riz ers, b utter churns, c re a m sep a ra to rs, h o m o g e n iz e rs , p re sse rs, c h e e s e ch e ese c o m p re s s o r re frig eratin g in ta n k e rs fitted e q u ip m e n t, sto rag e ta n k s , air co n d itio n w ith a c o o lin g d ev ice , m a c h in e s re frig eratin g unit and a v alv e fo r re v ersal o f the c o o lin g cy c le .” in c o rp o ra tin g a and u s e d vat (f) by d eletin g item 30 an d s u b s titu tin g for it the fo llo w in g n e w item s: “ 30. L iv e s to c k fa rm in g Oil cak es (m a s h u d u ), lay ers m a s h , b roilers m a s h and hay. - 31 Verify source ↗
P a c k a g in g m aterial
AI-assisted research summary: This section refers to packaging material for fruit juice and dairy products and notes an amendment to the Third Schedule.
31. P a c k a g in g m aterial P a c k a g in g m a teria l fo r fruit j u i c e and d airy p ro d u c ts .” Amendment of the Third Schedule - 45 Verify source ↗
T h e T h ird S c h e d u le to the p rin cip a l A c t is a m e n d e d
AI-assisted research summary: This section amends the Third Schedule by replacing item 8 with a tax-relief item for certain licensed exploration, prospecting, assaying, drilling, or mining companies with a mining development agreement.
45. T h e T h ird S c h e d u le to the p rin cip a l A c t is a m e n d e d - (a) by d e le tin g item 8 and su b s titu tin g fo r it the fo llo w in g item : “ 8. T h e im p o rta tio n b y o r su p p ly to a re g istered licensed ex p lo ra tio n , p ro s p e ctin g , m in eral assa y in g , d rillin g o r m in in g c o m p a n y h a v in g a m in in g d e v e lo p m e n t a g r e e m e n t w ith the G o v e rn m e n t w h ic h p ro v id e d for re lie f from for in ex p lo ra tio n , p ro sp e c tin g , ex c lu s iv e use tax atio n o f g o o d s o r serv ic es 22 No. 15 Finance 2010 d rillin g or m in in g ac tiv ities e x e c u te d before l sl July, 20 09 . - 8A Verify source ↗
T h e im p o rta tio n by o r su p p ly to a
AI-assisted research summary: Duty relief is available for certain imports or supplies to registered licensed exploration or prospecting companies for exclusive use in petroleum or gas exploration or prospecting, with added conditions for some listed supplies.
8A. T h e im p o rta tio n by o r su p p ly to a re g istered licensed e x p lo ra tio n or p ro s p e c tin g c o m p a n y , o f g o o d s w h ic h i f im p o rted or s u p p lied w o u ld be elig ib le for re lie f from d u ty u n d er the c u s to m s law s and se rv ic es for ex c lu s iv e use in ex p lo ra tio n or p ro s p e c tin g o f p e tro le u m or g a s .” (b) n e w item : by ad d in g im m e d ia te ly after item 19 th e fo llo w in g Cap. 3 73 T h e “ 19A. su p p ly o f b u ild in g m ateria ls and c o n s tru c tio n s e rv ic es b y 'th e the E xp o rt licensed u n d e r d ev e lo p e r P ro ce ssin g Z o n e s A c t.” ; and ( c) b y ad d in g im m e d ia te ly after item 30 th e fo llo w in g n e w item s: “31. T h e im p o rta tio n o r su p p ly o f g re e n h o u s e to h o rtic u ltu re g row er. 32(1). S u p p ly o f g o o d s and serv ices to the o rg a n iz e d fa rm in g for the p u rp o se s o f b u ild in g irrig atio n ca n als, co n s tru c tio n o f road n e tw o rk s , g o d o w n s an d sim ilar storag es in the farm s. (2) T h e re lie f p ro v id e d in su b -item ( 1) shall on ly a p p ly to g o o d s an d services a p p ro v e d by the M in iste r re s p o n sib le for ag riculture after in sp e c tio n o f the area has been d o ne by the a g ric u ltu re o ffic e r.” P a s s e d in the N a tio n a l A s s e m b ly on th e 15th J u n e , 2010. D r . T h o m a s D. K a s h i l i l a h , Clerk o f the National Assem bly 23
Part
PART IV
- 10 Verify source ↗
This Part shall be read as one with the Gaming Act, hereinafter
AI-assisted research summary: This Part must be read together with the Gaming Act, which is called the principal Act.
10. This Part shall be read as one with the Gaming Act, hereinafter referred to as the “ principal Act". - 11 Verify source ↗
The principal Act is amended in the Second Schedule, by
AI-assisted research summary: This section amends the Second Schedule by changing one figure from 16,000/= to 32,000/= and adding a new item setting 13 percent of gross gaming revenue for a forty machines site.
11. The principal Act is amended in the Second Schedule, by - (a) deleting figure “ 16000/=” appearing in column 2 o f item 1 and substituting for it figure “32,000/=” ; and (b) adding immediately after item 2 the following new item: “3. F o rty m ach ines site T h irte e n p ercent o f gross garning re v en u e.” No. 15 Finance 2010 Constru ction Cap. 3 3 2 Amend ment of section 11 PART V A m e n d m e n t o f t h e In c o m e T a x A c t , ( C a p . 3 3 2 )
Part
PART V
- 12 Verify source ↗
Section 12
AI-assisted research summary: This section says the Pail is to be read together with the Income Tax Act, which it calls the principal Act.
12. This Pail shall be read as one with the Income Tax Act, hereinafter referred to as the “principal Act” . - 13 Verify source ↗
The principal Act-is amended in section i 1. by
AI-assisted research summary: The section amends the principal Act to treat separate mining operations run by the same person in different mining licence areas as separate operations.
13. The principal Act-is amended in section i 1. by- (a) inserting immediately after subsection (3) the following new subsection: “(4) In the case o f mining operation, where separate and distinct mining operations are carried on by the same person in different mining licence areas, treated as separate mining the mines shall be operations.” ; (b) renumbering subsection (4) as subsection (5); (c) deleting the word "or” appearing at the end o f sub- paragraph (d); (e) (d) deleting a “full stop" appearing at the end o f sub- paragraph (e) and substituting for it a word “ ,or” ; and adding subsection (5) as renumbered subparagraph: “( 0 (e) o f the following new immediately after sub-paragraph not shall operation” “ mining exploration activities conducted outside shall mining accumulated and commercial operations com m ence.” area which allowed include the be the licence when Amend ment of section 12 - 14 Verify source ↗
The principal Act is amended in section 12 by deleting
AI-assisted research summary: This amendment replaces section 12(2) and 12(3) with a new rule limiting how much interest an exempt-controlled resident entity may deduct for a year of income.
14. The principal Act is amended in section 12 by deleting subsections (2) and (3) and substituting for them the following new subsection- “(2) The total amount o f interest that an exempt-controlled resident entity may deduct in accordance with section 11(2) for a year o f income shall not exceed the sum o f interest equivalent to debl-to-equity ratio o f 70 to 30.” - 15 Verify source ↗
The principal Act is amended by adding immediately after
AI-assisted research summary: This provision amends the principal Act by inserting a new section 80A after section 80.
15. The principal Act is amended by adding immediately after section 80 the following new section: Addition of section 80A 9 No. 15 Finance 2010 “Obliga- to tion issue receipt - 80A Verify source ↗
(1) A person who receives any payment o f an
AI-assisted research summary: Some businesses must issue a receipt for payments of 5,000 shillings or more, include required details, and keep duplicate copies for at least five years.
80A.-(1) A person who receives any payment o f an amount o f five thousand shillings or more in respect o f goods sold or services rendered by him in the ordinary course o f his business shall, notwithstanding any custom in any trade or any provision to the contrary in this Act or any other written law or an agreement between the parties to a sale or a contract o f services, as the case may be, issue a receipt to the person making the payment. (2) A person issuing the receipt shall be required to enter or cause to be entered in the receipt and its duplicate copy the following particulars: (a) the date on which the payment is made; (b) full name and address o f the person who sold the goods or rendered the services, as the case may be; (c) full description o f the goods sold or the services rendered and a statement o f the quantity and value of the goods or, in t ie case o f services, the amount charged in respect of the services rendered: (d) full name and address o f the person to whom the goods were sold or to whom the services were rendered, as the case may be; (e) a Tax Identification Number (TIN); and ( 0 such other particulars as the Commissioner may, by notice in writing, specify from time to time for the purposes of this section” . (3) Every person who issues a receipt in accordance with preceding provisions o f this section shall be required to retain in his records the duplicate copy o f every receipt issued by him and shall, unless the Commissioner directs otherwise, preserve that copy for a period o f not less than five years after the year o f income to which the receipt relates.” Amend ment of section 83A Amend ment of section 98 - 16 Verify source ↗
The principal Act is amended in section 83A, by deleting the
AI-assisted research summary: This section amends section 83A of the principal Act by deleting it and substituting the word “Corporation” for “Government” wherever it appears.
16. The principal Act is amended in section 83A, by deleting the section and it appear that in word “Government” wherever substituting for it the word “Corporation” . - 17 Verify source ↗
The principal Act is amended in section 98, by adding
AI-assisted research summary: A person who receives a payment must issue a receipt as required by section 80A, or commit an offence.
17. The principal Act is amended in section 98, by adding immediately after subsection (2) the following new subsection: 10 No. 15 Finance 2010 “(3) Any person who receives any payment and fails to issue a receipt in accordance with the requirement o f section 80A. commits an offence and shall, upon conviction, be liable to a fine not exceeding two million shillings or to imprisonment for a term not exceeding twelve months or to both.” Amend ment o f section 100 Amend ment of section 134 Amend ment of Section 145 - 18 Verify source ↗
The principal Act is amended in section 100(1), by adding
AI-assisted research summary: This provision amends section 100(1) by adding the words “plus 5% per annum” after “statutory rate.”
18. The principal Act is amended in section 100(1), by adding immediately after the phrase “statutory rate”, the phrase “ plus 5% per annum ” appearing the third line.” - 19 Verify source ↗
The principal Act is amended by adding immediately after
AI-assisted research summary: An approved Tax Consultant commits an offence if they knowingly or recklessly help a taxpayer file a misleading or fraudulent statement.
19. The principal Act is amended by adding immediately after section 134 the following new subsection: “(3) An approved Tax Consultant who knowingly or recklessly aids, abets, conceals or induces a taxpayer to fi l e 'a misleading or fraudulent statement commits an offence under this Act” . - 20 Verify source ↗
The principal Act is amended in section 145, by inserting the
AI-assisted research summary: Section 145 of the principal Act is amended by inserting a phrase that makes it subject to specified provisions.
20. The principal Act is amended in section 145, by inserting the phrase “ Subject to the provisions o f section 1 1(4), (5) (f) and section 12(2)” between the figure “ 145(1)” and the word “ Part III.” Amendm - 21 Verify source ↗
T h e First S ch ed u le
AI-assisted research summary: The First Schedule is amended to replace the annual taxable income table with new tax brackets and rates.
21. T h e First S ch ed u le to the p rin cip a l A c t is a m e n d e d in First* lK Pa r a Br a ph H O by d e letin g the tab le to that p a ra g ra p h and Schedule s u b stitu tin g for it the fo llo w in g table - A n n u a l T a x a b le In com e Where income does not exceed Sh. 1.620.000/= Where total income exceeds Sh. 1.620.000/= but does not exceed Sh. 4,320,000/= Where total income exceeds Sh. 4,320.000/= but does not exceed Sh. 6,480,000/= Where total income exceeds Sh. 6.480,000/= but does not exceed Sh. 8,640,000/= Where total income exceeds Sh. 8.640,000/= 11 T ax ra te N I L Sh. 14% o f the amount in excess of Sh. 1,620,000/= Sh. 378,000/= plus 20% o f the amount in excess o f 4,320,000/= Sh. 810,000/= plus 25% o f the amount in excess o f 6,480,000/= Sh. 1,350,000/= plus 30% o f the amount in excess o f 8,640,000/= Sh. Sh. No. 15 Finance 2010 A m e n d m e n t o f t h e L o c a l G o v e r n m e n t F i n a n c e s A c t , ( C a p . 2 9 0 ) PART VI Construction Cap. 290 Amendment of the Schedule
Part
PART VI
- 22 Verify source ↗
This Part shall be read as one with the Local Government
AI-assisted research summary: This Part is to be read together with the Local Government Finances Act.
22.This Part shall be read as one with the Local Government Finances Act hereinafter referred to as the “ principal Act” .” - 23 Verify source ↗
The Schedule to the principal Act is amended by deleting
AI-assisted research summary: This section amends the Schedule to the principal Act and replaces item 1 with new produce cess rates.
23.The Schedule to the principal Act is amended by deleting the contents o f item 1 and substituting for them the following- “ 1. Produce Cess on buyers (a) (b) Crop cess ranging from 3% to 5% of farm gate price; Forest produce cess-cap 5% o f farm gate price or b volume at source on sales o f timber, charcoal, logs, mirunda, firewood, poles and thieses (fito).” a cess in excess o f 5% Cess sellers Cess on timber products e.g. furniture and the like P A R T VII A m e n d m e n t o f t h e M o t o r V e h i c l e s ( T a x o n R e g i s t r a t i o n a n d T r a n s f e r ) A c t , ( C a p . 124) Construction Cap. 124 Amendment o f the First Schedule
Part
PART VIII
- 26 Verify source ↗
T h e p rin cip al A c t is a m e n d e d by
AI-assisted research summary: This provision amends the principal Act by inserting new wording into section 7(2) and section 4, including language about “Local Government Authority” and “officers appointed under section 36 of the Local Government Finances Act.”
26. T h e p rin cip al A c t is a m e n d e d by- (a) (b) the p h ra se in sertin g “ L ocal G o v e rn m e n t A u th o rity ” b e tw e e n the w o rd s “ G o v e r n m e n t ” and “ a n d ” a p p e a rin g in sec tio n 7(2); in sertin g the p h ra se “ an d o ffic ers a p p o in te d u n d e r section 3 6 o f the L ocal G o v e rn m e n t F in a n c e s A c t” b e tw e e n th e w o rd s “ G e n e r a l ” and “ a n d ” ap p e a rin g in se c tio n 4 in re la tio n to the defin itio n o f the te rm “ a c c o u n tin g o ffic e r.” Amendment o f section 7 Addition of new Part V - 27 Verify source ↗
T h e p rincip al A ct is a m e n d e d
AI-assisted research summary: This section amends section 7(2) of the principal Act by inserting “Local Government Authority” in the specified place.
27. T h e p rincip al A ct is a m e n d e d in se c tio n 7(2) by in s e rtin g th e ph ra se “ L ocal G o v e r n m e n t A u t h o r i t y ” b e tw e e n the w o rd s “ G o v e r n m e n t ” and “ a n d ” a p p e a rin g in the fourth line. - 28 Verify source ↗
T h e principal A ct is a m e n d e d by
AI-assisted research summary: This provision creates the office of Internal Auditor General and assigns it broad internal audit and oversight functions across government bodies and donor-funded projects.
28 . T h e principal A ct is a m e n d e d by - (a) insertin g im m e d ia te ly after P art IV the fo llo w in g n e w Part: “PART V O f f i c e o f In t e r n a l A u d i t o r G e n e r a l Internal Auditor General 3 7 . - ( l ) T h e re shall be an Internal the M in istry A u d ito r G e n eral u n d e r re sp o n sib le for finance. (2) T h e Internal A u d ito r G en eral the P resid en t shall be a p p o in te d by in from a m o n g s t q u alified p e rs o n s a c c o u n ta n c y , financial au d itin g m atters on su ch te rm s and co n d itio n s letter o f be to ap p o in tm e n t. sp ec ifie d th e or in Functions o f Internal Auditor General 3 8 . - ( l ) T h e G e n eral shall be re sp o n sib le P a y m a s te r G e n e ra l for- Intern al A u d ito r the to (a) d e v e lo p in g internal 13 No. 15 Finance 2010 p o licies, rules, m a n u a ls , and aud it s tan d ard s, circ u lars gu id elin es: . r e v ie w in g and c o m p lia n c e a p p ra is in g to laid d o w n laws, re g u la tio n s, stan d ard s, s y s te m s an d p ro c e d u re s in M in istrie s, D e p a rtm e n ts , G o v e r n m e n t In stitutions, R eg io n s, Local G o v e r n m e n t A u th o ritie s , ex e c u tiv e a g e n c ie s an d d o n o r fu n d e d p rojects; and and e n s u r in g p ro p e r a c c o u n ta b ility o f p u b lic and p rop erty . m o n ie s con tro l (b) (c) (2) F o r the p u rp o s e s o f su b sec tio n (1), the Internal A u d ito r G e n eral shall- (a) fro m scru tin ize and c o m p ile audit reports M inistries, G o v e r n m e n t D e p a rtm e n t, Institutions, R eg io n s, Local G o v e rn m e n t A u th o rities, e x e c u tiv e a g e n c ie s and d o n o r fu n d e d p ro je c ts shall p re p are a s u m m a r y o f m a jo r audit and o b s e r v a tio n s r e c o m m e n d a tio n s an d s u b m it the th e P a y m a s te r to G e n eral for fu rth e r action; sa m e and (b) u n d e rta k e c o n tin u o u s A u d it R isk M a n a g e m e n t; 14 No. 15 Finance 2010 (c) d e v e lo p an d su p e rv is e im p le m e n ta tio n A u d it Strategy ; o f the Internal (e) (d) d e v e lo p , im p le m e n t an d re v ie w A n n u a l A u d it P ro g ra m m e ; liaise w ith th e C o n tro lle r and A u d ito r G e n e ra l. A c c o u n ta n t G e n e ra l, A c c o u n tin g O fficers, S ta n d ard s and S etting s A u th o ritie s on audit m atters; P ro fe ssio n a l (f) m a n a g e and co ntro l the quality the audit o f o p e ra tio n s o f ca d re and e n h a n c e ca p a c ity o f A u d it C o m m itte e s ; (g) ev a lu a te C o m m itte e s th e e ffe c tiv e n e s s o f in A u d it D e p a rtm e n ts , M in istrie s, G o v e r n m e n t Institutions, R e g io n s, L ocal G o v e rn m e n t A u th o ritie s ex e c u tiv e an d ag en cies; facilitate internal au d it cadre; (i) th e d e v e lo p m e n t o f re v ie w an d a p p raise- (i) b u d g e t p la n n in g an d i m p le m e n ta tio n w ith a v ie w to p r o m o tin g c o m p lia n c e w ith natio n al goals an d objectiv es; te c h n ic al reports on d e v e lo p m e n t initiatives; (ii) (iii) w o rk s , g o o d s (h) 15 No. 15 Finance_____________________________ 2010 to o ffered and serv ic es the s u p p lie d fro m G o v e r n m e n t d e v e lo p m e n t and re c u rre n t b u d g e ts an d d e te r m in e th eir v a lu e fo r m o n ey ; (j) (k) (I) (m) (n) on follow up the agreed and prepare audit reports and advise intervention the Government on measures towards ensuring values for money on public expenditure; make recommendations audit required corrective actions; undertake special and investigative audits; and evaluate review, monitor, on recommend o f systems Government revenue collections for proper accountability; and p a r ti c ip a te in the h e a rin g s and re n d e r a d v ic e Parliamentary C om m itte e s . relevant Oversight th e to Officers of Internal Audito r General Division - 39 Verify source ↗
Section 39
AI-assisted research summary: The provision states that internal audit officers are to be provided with the qualifications, experience, number, and titles necessary for the functions of the Internal Auditor General Division.
39. There shall be internal audit officers o f academic qualifications and experience in their fields o f study o f such number and titles as may be the necessary functions Internal Auditor General Division.” effective the performance for of o f (b) renumbering Pails V, VI and VII as Parts VI, VII and VIII, respectively; and (c) renumbering sections 37 to 45 as sections 40 to 48. respectively. 16 No. 15 Construction Cap. 418 Amendment o f section 27 Finance P A R T IX 2010 A m e n d m e n t o f t h e P u b l i c A u d i t A c t , ( C a p . 4 1 8 ) - 29 Verify source ↗
T h is P art shall be read as o ne w ith the P ublic A u d it
AI-assisted research summary: This section says the Part must be read together with the Public Audit Act.
29. T h is P art shall be read as o ne w ith the P ublic A u d it A ct, h e re in a fte r re ferred to as the “ p rin c ip a l A c t ” . - 30 Verify source ↗
T h e p rin cip a l A c t is a m e n d e d by re p e a lin g sec tio n 2 7
AI-assisted research summary: This section replaces section 27 and sets out how suspected fraud found during an audit must be reported and investigated.
30. T h e p rin cip a l A c t is a m e n d e d by re p e a lin g sec tio n 2 7 a n d s u b s titu tin g fo r it the fo llo w in g n e w section: "l ore- audit 2 7 . - ( l ) W h e re, in the c o u rs e o f forensic audit or any o th e r audit, the o ffic er o f the N ation al A u d it O ffice s u sp ec ts c o m m i s s io n o f fraud or an y related offen ce s, he shall im m e d ia te ly report the m a tte r to the C o n tro lle r an d A u d ito r G eneral for d e te rm in a tio n o f th e audit. ( 2 ) T h e C o n tro lle r and A u d ito r G e n eral shall, after stu d y in g the m atter, report the fraud or any related o ffe n c e s to an a p p ro p ria te inv estig ativ e o rg a n and serve a no tice to the D ire c to r o f P ublic P ro sec u tio n s. from report (3) T h e inv estig ativ e o rg a n th at h as re c e iv e d the C o n tro lle r an d A u d ito r the G en eral shall investigate the m a tte r w ith in sixty days and fo rw a rd the file o f the case to the D ire cto r o f P u blic P ro sec u tio n s. ( 4 ) In case w h e re the in v e s tig a tiv e o rg a n is u nab le to finish in v estig atio n w ith in the re q u ired tim e, it shall be the duty o f th at in v e stig ativ e o rg a n the seek ex te n s io n o f D ire ctor o f P ublic P ro sec u tio n s. from tim e to (5) W h e re the in v es tig a tio n is co m p le te , the th e D ire c to r o f and re su lts shall be s u b m itte d P ublic p ro s e c u tio n a c c o rd in g to re le v an t w ritte n laws. fo r c o n s id e ra tio n P ro s e c u tio n s to (6) o f s u b sec tio n (5), i f in the o p in io n o f the D ire c to r N o tw ith s ta n d in g the p ro v is io n s 17 No. 15 Finance 2010 o f P ub lic P ro s e c u tio n s the case is n o t ten ab le in law , he shall give re a s o n for su c h o p in io n and r e c o m m e n d a tio n s o n altern ativ e shall m a k e m e a su re s for red ress, i f any, to the in v estig ativ e o rg a n and send a co p y to the C o n tro lle r and A u d ito r G eneral. (7) T h e C o n tro lle r an d A u d ito r G eneral in to th e co p y re ferred m ay , after re c e iv in g m e a s u r e s a p p ly su b s e c tio n re c o m m e n d e d to p u rsu e an d e n fo rc e altern ativ e m e a s u re s o f redress as re c o m m e n d e d by the D ire cto r o f Public P ro s e c u tio n s .” (6), the PART X A m e n d m e n t o f t h e T a n z a n i a In v e s t m e n t A c t , ( C a p . 3 8) Construction
Part
PART X
- 31 Verify source ↗
T h i s Part shall be read as one with the Tanzania Investment
AI-assisted research summary: This Part is to be read together with the Tanzania Investment Act, described here as the principal Act.
31. T h i s Part shall be read as one with the Tanzania Investment C ap. 38 ^ ct iierejnafter referred to as the “ principal Act.” Amendment ot section 19 - 32 Verify source ↗
The principal Act is amended in section 19 by adding
AI-assisted research summary: Benefits under subsection (2) do not apply to motor vehicles manufactured ten years or more before importation.
32. The principal Act is amended in section 19 by adding immediately after subsection (2 ) the following new subsection: “(3) The benefits conferred under subsection (2) shall not apply to motor vehicles manufactured ten years or more before importation.” AMENDMENT TO THE URBAN AUTHORITIES (RATING) ACT, (CAP. 2 8 9 ) PART XI Construction Cap. 289 A m en d m en t ?f se ction 28
Part
PART XI
- 33 Verify source ↗
Section 33
AI-assisted research summary: This section says this Part must be read together with the Urban Authorities (Rating) Act, which is called the principal Act.
33. T h is Part shall be read as o n e w ith the U rb a n A u th o ritie s (R atin g ) A ct, h erein after “ p rin cip a l A c t ” . re ferred to as the - 34 Verify source ↗
T h e p rincip al A ct is a m e n d e d in sec tio n 23 by
AI-assisted research summary: Some older people and people living with disabilities who have no source of income are exempt from paying one residential property tax, and local government authorities must set up a mechanism to implement that exemption.
34. T h e p rincip al A ct is a m e n d e d in sec tio n 23 by - (a) a d d in g fo llo w in g - im m e d ia te ly afte r s u b s e c tio n (2) the “ (3) A p e rs o n of, o r a b o v e sixty yea rs an d a perso n 18 No. 15 Finance 2010 livin g w ith d isab ilities w h o has no so u rc e o f in c o m e shall be e x e m p te d living resid e n tia l ra te ab le property. from p a y m e n t o f p ro p e rty fo r o ne tax (4) T he local g o v e r n m e n t a u th o rities m e c h a n is m establish for im p le m e n ta tio n o f s u b s e c tio n (3)." a shall better Construction Cap. 148 Amendment o f section 2 G.N.No. 192 of 2010 Amendment of section 5 Amendment of section 11 (b) re n u m b e rin g s u b s e c tio n s (3), (4) and (5) as su b s e c tio n s (5), (6) and (7) respectiv ely. PART XII A m e n d m e n t o f t h e V a l u e A d d e d T a x A c t , ( C a p . 148)
Part
PART XII
- 35 Verify source ↗
T h is Part shall be read as o n e w ith the V a lu e A d d e d
AI-assisted research summary: This section says this Part must be read together with the Value Added Tax Act, which it calls the principal Act.
35 . T h is Part shall be read as o n e w ith the V a lu e A d d e d T a x A ct h ere in a fte r re ferred to as th e “ p rin cip a l Act'*. - 36 Verify source ↗
T h e p rincipal A ct is a m e n d e d
AI-assisted research summary: This section inserts a definition of “fiscal receipt” in the principal Act.
36. T h e p rincipal A ct is a m e n d e d in sec tio n 2 by insertin g in its ap p ro p ria te alph abetical o rd e r th e fo llo w in g defin itio n: “ fiscal re c e ip t” m e a n s a fiscal d o c u m e n t p rin ted by e lec tro n ic fiscal d ev ice for the c u s to m e r o f g o o d s or serv ices s u p p lie d to h i m bearin g the c o n te n ts s p e c ifie d u n d e r the V a lu e A d d e d T ax (E lec tro n ic Fiscal D e v ic es) R eg u latio n s, 2010; ” - 37 Verify source ↗
T h e principal A ct
AI-assisted research summary: This section amends the principal Act by replacing the word “goods” with “services” in section 5(2).
37. T h e principal A ct is a m e n d e d d e le tin g the end th e w o rd “ g o o d s ” ap p e a rin g at s u b s e c tio n and s u b stitu tin g fo r it th e .w o rd “ s e r v ic e s ” . in se c tio n 5(2) by o f that - 38 Verify source ↗
Section 38
AI-assisted research summary: This section amends section 11 by adding new subsections about when the relief does not apply.
38 . T h e principal A ct is a m e n d e d in section 11 by a d d in g im m e d ia te ly after su b s e c tio n (2 ) th e fo llo w in g n e w s u b s e c tio n s - “ (3) T h e re lie f g ra n te d u n d e r su b s e c tio n (1) shall not ten yea rs o r m o re to m o to r v eh icle s m a n u fa c tu re d a p p ly befo re im p o rtatio n . (4) S u b s e c tio n (3) shall n ot a p p ly to religio us o rg a n iz a tio n s .” 19 No. 15 Amendment of section 13 Finance 2010 - 39 Verify source ↗
T h e p rin cip a l A c t is a m e n d e d in s e c tio n 13(4) by
AI-assisted research summary: This section amends the principal Act’s section 13(4), adds the phrase “excluding VAT,” inserts a new definition of “premium,” and renumbers later subsections.
39. T h e p rin cip a l A c t is a m e n d e d in s e c tio n 13(4) by- im m e d ia te ly after (a) a d d in g th e w o rd “ th e r e o n ” ap p e a rin g at the end o f that s u b s e c tio n the p h ra se “ e x c lu d in g V A T ” ; (b) a d d in g a n e w su b s e c tio n (5) as follow s: in “ (5) T h e w o rd “ p r e m i u m ” su b s e c tio n (4), m e a n s th e v a lu e o f airtim e to p p e d on to a s u b sc rib e r o v e r the actual value o f airtim e p aid for.” ; and as u sed (c) re n u m b e rin g su b s e c tio n s (5) and ( 6) as su b s e c tio n s (6) and (7). Amendment of section 16 - 40 Verify source ↗
T h e p rin cipa l A c t is a m e n d e d in se c tio n 16, by
AI-assisted research summary: This provision amends section 16 of the principal Act by adding “or fiscal receipts” after “tax invoice” and adds a new rule that certain EFD purchase costs are treated as input tax.
40. T h e p rin cipa l A c t is a m e n d e d in se c tio n 16, by - (a) (b) ad d in g the w o rd s “ o r fiscal re c e ip ts ” im m e d ia te ly after the w o rd s “ tax in v o ic e ” w h e re v e r they a p p e a r in the se c tio n the p h ra se “ or fiscal re c e ip ts” ; and ad d in g im m e d ia te ly after s u b s e c tio n (4) the fo llo w in g n e w su b sec tio n : “ (5) A n y co st in cu rred by a ta x a b le perso n du rin g initial p u rc h a s e o f an E F D fro m an A p p ro v e d S u p p lie r shall be d e e m e d to be an input ta x .” Amendment of section 29 - 41 Verify source ↗
T h e principal A c t is a m e n d e d in sec tio n 29, by
AI-assisted research summary: This section changes section 29 and adds a rule requiring buyers of goods or services to demand a fiscal receipt from the person receiving payment.
41. T h e principal A c t is a m e n d e d in sec tio n 29, by- (a) (b) (c) (d) “ re c e ip t” a p p e a rin g the w o rd the w o rd s “ tax in v o ic e ” a p p e a rin g ad d in g the w o rd s “ fiscal r e c e ip t” im m e d ia te ly in after su b s e c tio n ( 1); deletin g in su b s e c tio n (2) and s u b s titu tin g for it the w o rd s “ fiscal re c e ip ts ” ; deletin g th e p h ra se “ five h u n d re d t h o u s a n d ” an d s u b stitu tin g for it the w o rd s “ O n e m illio n ” ; and insertin g im m e d ia te ly afte r s u b s e c tio n (3) the fo llo w in g n e w su b sectio n: “ (4) E v e ry p e rs o n w h o p u rc h a s e an y g o o d s 20 No. 15 Finance 2010 o r serv ices shall be re q u ire to d e m a n d a fiscal receip t the the p e r s o n w h o p a y m e n t .” re ceiv es from Amendment o f section 47 - 42 Verify source ↗
Section 42
AI-assisted research summary: A person who willfully or fraudulently evades tax, or tries to recover tax that way, commits an offence and may be fined, imprisoned, or both.
42. T h e p rincipal A ct is a m e n d e d in sec tio n 4 7 (1 ) by d e le tin g that su b s e c tio n an d su b s titu tin g for it the fo llow ing: “ (1) A n y p e rso n w h o w illfu lly o r frau d u len tly c o m m its or o m its to do any ac tio n w h ic h has the e ffec t o f e v a d in g tax or re c o v e r in g tax, c o m m its an o ffe n c e an d u p o n c o n v ic tio n shall be liable to a fine o f tw ic e the a m o u n t o f tax in v o lv e d in th e c o m m is s io n o f the o ffe n c e or to pay five m illio n shillings, w h ic h e v e r a m o u n t is hig her, o r to im p ris o n m e n t for a te rm o f tw o y e a rs o r to b o th .” Amendment o f the First Schedule
Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.
Ask AI about this statute
The Finance Act, 2010
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in