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IN exercise of the powers
conferred on the Secretary
responsible for National Revenue
Secretariat by section 73 of the
Income Tax Decree, 1975 (S.M.C.D.
5), these regulations are made
this 29th day of January, 1991.
Regulation 1—L.I. 1252 Amended.
The Income Tax Regulations, 1980 (L.I.
1252) are hereby amended as
follows:
(a) by the insertion immediately
after Regulation 17 of the
following new Regulation:
"17A. Donations for Sports
Development and Promotion.
There shall be deducted for the
purpose of ascertaining the income
of any person any donations made
by him for the purpose of sports
development or sports promotion
and approved by the Secretary
responsible for sports.”
(b) by the insertion immediately
after Regulation 20 of the
following new Regulations:
"20A. Exemption on Wage Supplement.
Any amount not exceeding thirty
per centum of an employee’s basic
annual salary paid to an employee
as wage supplement for the period
1st November 1990 to 31st
December, 1990 shall be exempted
from tax.
"20B. Exemption on Transport
Supplement.
Any amount not exceeding fifteen
per centum of an employee’s basic
annual salary paid to an employee
as transport supplement for the
period 1st November, 1990 to 31st
December, 1990 shall be exempted
from tax".
Regulation 2—Commencement.
These Regulations shall be deemed
to have come into force on the 1st
day of November, 1990.
ATO AHWOI
P.N.D.C. Secretary responsible for
the National Revenue Secretariat
Date of Gazette Notification: 22nd
February, 1991. |
