Zambia Statutory instrument

Zambia legislation

Income Tax (Foreign Organisations) (Exemption and Approval) Order, 1999

The European Investment Bank is approved for exemption from tax in relation to the agreement in the Schedule. The approved foreign organisation’s income and emoluments under the listed agreement are exempt from tax.

tax exemption

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01

Purpose and legislative effect

“The European Investment Bank is approved for exemption from tax in relation to the agreement in the Schedule.”

The European Investment Bank is approved for exemption from tax in relation to the agreement in the Schedule. The approved foreign organisation’s income and emoluments under the listed agreement are exempt from tax.

02

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    Source version 26 Mar 1999. 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 Mar 1999

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Showing 2 of 2 provisions

Provision 2
§ 2With respect to the agreement described in the Schedule toProvision

The European Investment Bank is approved for exemption from tax in relation to the agreement in the Schedule.

2. With respect to the agreement described in the Schedule to this Order, the European Investment Bank is hereby approved for the purpose of exemption from tax. Approval of foreigi:i Organisation
§ 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 paragraph 2 of this Order accruing under the agreement described in the Schedule to this Order shall be exempted from tax pursuant to sub-paragraph ( c) of paragraph 4 of Part II of the Second Schedule to the Act. Exemption from tax SCHEDULE (Paragraph 2) The Power Rehabilitation Project Victoria Falls Hydroelectric Power Station Subsidiary Loan Agreement between the Republic of Zambia and Zambia Electric• ity Supply Corporation Limited and the European Investment Bank for an amount not exceeding Sixteen Million ECUS (European Currency) for the Financing of the ZESCO Victoria Falls Project. LUSAKA 23rd March, 1999 [MFA. I 02/12/786] E. Z. NAWAKWI, Minister of Finance and Economic Development Copies of this Statutory Instrument can be obtained from the Government.Printer, P.O. Box 30136, 10101 Lusaka. Price K500 each. 90 Statutory Instruments 26th March, 1999

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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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  • 26 Mar 1999 · currentEnglish

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