Income Tax (Overseas Private Investment Corporation) (Approval and Exemption) Order, 2017

1. This Order may be cited as the Income Tax (Overseas Private Investment Corporation) (Approval and Exemption) Order, 2017.

2. The Overseas Private Investment Corporation is an approved organisation for purposes of exemption from tax with respect to the Agreement specified in the Schedule.

3. The income earned, including interest, fees and commission, by the organisation approved in paragraph 2 and accruing under the Agreement specified in the Schedule is exempt from tax pursuant to paragraph 5(5) of Part III of the Second Schedule to the Act. Title Approval of international organisation Exemption from tax SCHEDULE (Paragraph 2) AGREEMENT The Investment Incentive Agreement between The Government of the United States of America and the Government of the Republic of Zambia and the Overseas Private Investment Corporation, signed in Lusaka on 23rd June, 1999. LUSAKA 7th June, 2017 [MFB.6/8/27] , F. MUTATI, Minister of Finance Copies of this Statutory Instrument can be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka. Price K4.00 each. 332 Statutory Instruments 16th June, 2017