ACT 814
THE EIGHT HUNDRED AND
FOURTEENTH
ACT
OF THE PARLIAMENT OF THE
REPUBLIC OF GHANA
ENTITLED
INTERNAL REVENUE (AMENDMENT)
ACT, 2010
AN ACT to amend the
Internal Revenue Act, 2000 (Act
592)
DATE OF ASSENT:
31st December, 2010
Passed by Parliament and
assented to by the President;
Section 11 of Act 592 amended
1.
Section 11 of the Internal
Revenue Act 2000 (Act 592) is
amended (a) by the
substitution for subsection (6)
of
"(6) The income of a company
from a business of construction
for sale or letting of low cost
affordable residential premises
is ex- empted from tax for a
period of five years of
assessment commencing from and
including the year in which
operations are commenced.
(b)
by the insertion of new
paragraphs
(6) (A) A company engaged in the
construction for sale or
let-ting of low cost affordable
residential premises shall be
issued with a certificate
certifying that it is engaged in
the construction of low cost
affordable residential premises
by the Minister responsible for
Works and Housing"
(6)(B) The Minister in
consultation with the Minister
responsible for Works and
Housing shall, by Legislative
Instrument make Regulations for
the effective implementation of
subsection (6) ."
Section 39 of Act 592 amended
2.
Section 39 of the principal
enactment is amended by the
substitution
for;
(a)
"thirty-five" in paragraphs
(a) and (c) of
"hundred";
(b) "thirty" in paragraph
(d) of hundred";
(c)
"twenty-five" in paragraph (e)
of fifty"; and
(d)
"hundred" in paragraph (t) of
"two hundred".
Section 84 of Act 592 amended
3. Section 84 of the principal
enactment is amended in
subsection (2) by the
substitution for "fifty currency
points" of "five hundred
currency points".
Fourth Schedule of Act 592
amended
4. The Fourth Schedule of the
principal enactment is amended
by the substitution for "5%" of"
15%" .
Date of
Gazette notification: 31st
December, 2010
GPCLlASSEYlBLY PRESS, ACCRA.
GPCLlA7081l2/350/2010
Website:
www.ghanapublishingcompany.com
E-mail:
info@ghanapublishingcompany.com
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