Zambia Statutory instrument

Zambia legislation

Income Tax (Foreign Organisations) (Exemption Approval) Order, 1983

credit facilityloan agreementtax exemption

Jurisdiction: Zambia
Structure: 4 provisions
Citation: SI 43 of 1983
Dates: Source version 22 Apr 1983

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Dates: Source version 22 Apr 1983

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“This section gives the short title of the Order.”

This section gives the short title of the Order. Banco do Brasil, SA is approved for tax exemption for the Agreement described in the Schedule. The approved foreign organisation’s income and emoluments under the listed Agreement are exempt from tax. This schedule notes a credit agreement dated 13 July 1982 between the Bank of Zambia and Banco de Brasil SA for a US$30,000,000 facility, with an approximate kwacha equivalent of K28,302,000.

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Source version 22 Apr 1983. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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This Order may be cited as the Income Ta.x (Foreign

This section gives the short title of the Order.

Section 1

With respect to the Agreement described in the Schedule

Banco do Brasil, SA is approved for tax exemption for the Agreement described in the Schedule.

Section 2

The income and emoluments of the foreign organisation

The approved foreign organisation’s income and emoluments under the listed Agreement are exempt from tax.

Section 3

,th April, 1983

This schedule notes a credit agreement dated 13 July 1982 between the Bank of Zambia and Banco de Brasil SA for a US$30,000,000 facility, with an approximate kwacha equivalent of K28,302,000.

Section 1

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Source record from zambialii.org · Source version 22 Apr 1983

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Showing 4 of 4 provisions

Provision 3Short title

§ 1This Order may be cited as the Income Ta.x (ForeignShort title

This section gives the short title of the Order.

1. This Order may be cited as the Income Ta.x (Foreign Organisations) (Exemption Approval) Order, 1983. Title

Section 1Verify source

§ 2With respect to the Agreement described in the ScheduleProvision

Banco do Brasil, SA is approved for tax exemption for the Agreement described in the Schedule.

2. With respect to the Agreement described in the Schedule hereto, Banco do Brasil, SA is hereby approved for the pw·pose of exemption from tax. Approval of fo1·oigu organisations

Section 2Verify source

§ 3The income and emoluments of the foreign organisationProvision

The approved foreign organisation’s income and emoluments under the listed Agreement are exempt from tax.

3. The income and emoluments of the foreign organisation approved in para.graph 2 of this Order accruing under the Agreement described in the Schedule hereto, shall be exempted from tax pursuant to sub-paragraph (c) of para.graph 4 of Pa.rt II of the Second Schedule to the Act. Exemption from tax LUSAKA

Section 3Verify source

§ 1,th April, 1983Provision

This schedule notes a credit agreement dated 13 July 1982 between the Bank of Zambia and Banco de Brasil SA for a US$30,000,000 facility, with an approximate kwacha equivalent of K28,302,000.

1.,th April, 1983 [SF.233] N. MUNDTA, Minister of Finance SCHEDULE (Paragraph 2) Aont:F:MCNT Tho Cr,idit AgroomJut doted 13th July, 1282, botwoon tho Rank of Zambia (os Borrower) and thn Banco clo Bra'lil 8A (us Lt>11dor), fnr I\ orodit facility in tho sum of thirty million Onitocl 8l-l\tcs Dollal's (US S:10,000.000.00) which is np(}I'O'<im•ltoly twenty-eight mi 11100, th.roe hundred ao<l two tJ1ousand kwacba (K28,30 ',000.00.) Oopiu of thw Stalutory lnatrumem can be obiain«l from tl.6 GoverntTlffll Prinw, P.O. Box 30136, Lwaka. Priu lOn eadl. 120 Statutary lnBtruments 22nd April, 1983

Section 1Verify source

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N–S

1 instrument

Pa.rt II of the Second Schedule to the Act
Section 3

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22 Apr 1983 · currentEnglish

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