Zambia Statutory instrument

Zambia legislation

Income Tax (Foreign Organisations) (Exemption Approval) (No. 5) Order, 1985

This section gives the short title of the Order. Named financial institutions in the Schedule are approved for exemption from tax for the covered Agreement. The income and emoluments of the approv…

exemption approvalfinancial institutionsincome taxtax exemption

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01

Purpose and legislative effect

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

This section gives the short title of the Order. Named financial institutions in the Schedule are approved for exemption from tax for the covered Agreement. The income and emoluments of the approved foreign organisations are exempt from tax when they accrue under the Agreement in the Schedule.

02

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    Source version 26 Jan 1985. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Source record from zambialii.org · Source version 26 Jan 1985

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Showing 3 of 3 provisions

Provision 2Short title
§ 1This Order may be cited as the Income Tax (ForeignShort title

This section gives the short title of the Order.

1. This Order may be cited as the Income Tax (Foreign Organisations) (Exemption Approval) (No. 5) Order, 1985. Title
§ 2With respect to the Agreement described in the ScheduleProvision

Named financial institutions in the Schedule are approved for exemption from tax for the covered Agreement.

2. With respect to the Agreement described in the Schedule hereto, Credit L yonnais and all other Financial Institutions named therein as signatories to such Agreement • are hereby approved for the purpose of exemption from tax. Approval of foreign organisa­ tions
§ 3The income and emoluments of the foreign organisationsProvision

The income and emoluments of the approved foreign organisations are exempt from tax when they accrue under the Agreement in the Schedule.

3. The income and emoluments of the foreign organisations approved in paragraph 2 of this Order accruing under the Agreement described in the Schedule hereto, shall be exempt from tax pursuant to sub-paragraph (c) of paragraph 4 of Part II of the Second Schedule to the Act. Exemption from tax LUSAKA 24th January, 1985 [SF.331] L. J. MWANANSHIKN, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREBMBNT The Supplemental Agreement dated the 4th January, 1985, relating to a $1,648,018.03 Loan Agreement dated the 19th March, 1981, made between the United Bus Company of Zambia Limited (as Borrower), the Minister of Finance of the Republic of Zambia (as Guarantor), Credit Lyonnais (as Agent) and other Financial Institutions (as Lenders) which are signatories to the Agree­ ment. Oopies of this Statutory Instrument can be obtained from the Government Printer, P.O. Box 30136, Lusaka.Price 20n each.

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1 referenced instrument

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N–S

1 instrument

  • Part II of the Second Schedule to the Act

    Section 3

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Current-law checkpoint
  • 26 Jan 1985 · currentEnglish

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