Zambia Statutory instrument

Zambia legislation

Income Tax (Foreign Organisations) (Exemption Approval) (No. 7) Order, 1985

The listed banks are approved for tax exemption under the agreement in the Schedule. Approved foreign organisations’ income and emoluments under the listed agreement are exempt from tax.

Banking and financetax exemption

Jurisdiction: Zambia
Structure: 2 provisions
Citation: SI 26 of 1985
Dates: Source version 8 Feb 1985

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Dates: Source version 8 Feb 1985

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“The listed banks are approved for tax exemption under the agreement in the Schedule.”

The listed banks are approved for tax exemption under the agreement in the Schedule. Approved foreign organisations’ income and emoluments under the listed agreement are exempt from tax.

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With respect to the Agreement described in the Schedule

The listed banks are approved for tax exemption under the agreement in the Schedule.

Section 2

The income and emoluments of the foreign organisations

Approved foreign organisations’ income and emoluments under the listed agreement are exempt from tax.

Section 3

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Source record from zambialii.org · Source version 8 Feb 1985

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Showing 2 of 2 provisions

Provision 2

§ 2With respect to the Agreement described in the ScheduleProvision

The listed banks are approved for tax exemption under the agreement in the Schedule.

2. With respect to the Agreement described in the Schedule hereto, the Meridien International Bank Limited and various other banks therein mentioned as signatories thereto are hereby approved for the purpose of exemption from tax. Approval of foreign organisations

Section 2Verify source

§ 3The income and emoluments of the foreign organisationsProvision

Approved foreign organisations’ income and emoluments under the listed agreement are exempt from tax.

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 6th February, 1985 [ .MF /L AND I/IN .549] L. J. MWANANSHIKU, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREEMENT The Credity Facility Agreement dated the 31st December, 1984, between Bank of Zambia and Mcridien International Bank Limited facilitating the refinancing of a sum of money in the principal amount of twelve million one hundred and two thousand one hundred and sixty United States dollars (US 812,102,160) which is about twenty-six million six hundred thousand kwa cha (K26,6D0,000). Oopi(?,{J of this Statutory Instrument can be obtained from the Government Printer, P.O. Bo:z: 30136, Lu8aka. Price 20n each.

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1 instrument

Part II of the Second Schedule to the Act
Section 3

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8 Feb 1985 · currentEnglish

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