FOURTH   REPUBLIC

                                                     Act 698

                     THE SIX HUNDRED AND NINETY-EIGHTH

                                           ACT

OF THE PARLIAMENT OF THE REPUBLIC OF GHANA

                                      ENTITLED

NATIONAL RECONSTRUCTION LEVY (AMENDMENT) ACT, 2006,

AN ACT to amend the National Reconstruction Levy Act, 2001 (Act-597) and provide for related matters,

DATE OF ASSENT: 23rd February. 2006.

ENACTED by the President and Parliament as follows:

Section 1 of Act 597 repealed

1. The National Reconstruction Levy Act, 2001 (Act 597) referred to in this Act as the "principal enactment" is amended by the repeal of section 1.

Section 2 of Act 597 amended

2. The principal enactment is amended by the substitution for section 2 of the following new section

"2. There is imposed on the profits before tax on the institutions

(a) specified in Part A of the Schedule to this Act, a levyof5.5%, and (b) specified in Part B of the Schedule to this Act a levy of2.5%"

Section 4 of Act 597 amended

3. The principal enactment is amended by the substitution for section 4 of the following section

"Profits affected

4. The levy imposed by this Act shall be payable in respect of profits before tax for the years 2005 and 2006".

Schedule of Act 597 deleted.

4. The principal enactment is amended by the deletion of Part C of the Schedule.

Commencement

5. This Act shall come into force on the first day of January, 2006 .

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