Income Tax (Exemption of tax on interest payments to overseas lenders by Maamba Collieries Limited) (Approval and Exemption) Order, 2017

1. This Order may be cited as the Income Tax (Exemption of tax on interest payments to overseas lenders by Maamba Collieries Limited) (Approval and Exemption) Order, 2017 Title

2. (1) The income tax on interest payable by the Maamba Collieries Limited, to its lenders in respect of the development of the 300 megawatts electricity power plant project is approved for purposes of exemption from tax for the duration of the project in accordance with the Implementation Agreement signed between the Government of the Republic of Zambia and Maamba collieries Limited dated 16th September, 2011. (2) Paragaraph (1) shall not apply to a loan contracted after the coming into operation of this Order. Approval and exemption from specific tax LUSAKA 7th November, 2017 [MFB.101/11/45] 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. 820 Statutory Instruments 10th November, 2017