Mines and Minerals (Amendment) Act, 1998

Mines and Minerals (Amendment) [No. 8 of 1998 45 GOVERNMENT OF ZAMBIA ACT No. 8 of1998 Date of Assent: 21st April, 1998 An Act to amend the Mines and Minerals Act [24th April, 1998 ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Mines and Minerals (Amend­ ment) Act, 1998, and shall be read as one with the Mines and Minerals Act, in this Act referred to as the principal Act. (2) This Act shall come into operation on the 1st April, 1998. 2. Section sixty-six of the principal Act is amended in subsec­ tion (1) by the deletion of the words" at the rate of three per centum " and the substitvtion therefor of " at the rate of two per centum 11• Enactment Short title and commence­ ment Cap. 213 Amendment of section 66 3. The Third Schedule to the principal Act is amended in paragraph 5 by the deletion of the proviso to sub-paragraph (I) and the substitution therefor of the following: Amendment of Third Schedule Provided that- ,J.,.,,..)..· (i) the amount of tax which would otherwise be payable by such person in that charge year is not reduced by more than twenty per centum as a result of this deduction; (ii) item (i) of this proviso shall not apply to any former Zambia Consolidated Copper Mining Company; and (iii) in this proviso " former Zambia Consolidated Copper Mining Company " means any part or division of the Zambia Consolidated Copper Mining Cap. 386 Company sold under the Privitization Act. Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101, Lusaka. Price K500.00 each. 46