Income Tax (Foreign Organisations) (Exemption Approval) (No. 3) Order, 1980

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Jurisdiction: Zambia
Instrument: Statutory instrument
Citation: SI 51 of 1980
Version: 25 Apr 1980
Language: en
Official source: View official record ↗

citation credit agreement foreign organisation foreign organization income tax tax exemption

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This provision gives the short citation title for the Order. The Banque Francaise Du Commerce Exterieur of France is approved for tax-exemption purposes for the Credit Agreement described in the Schedule. The foreign organisation’s income and emoluments under the listed credit agreement are exempt from tax.

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Provisions of Income Tax (Foreign Organisations) (Exemption Approval) (No. 3) Order, 1980

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1
This Order may be cited as the Income Tax (Foreign
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AI-assisted research summary: This provision gives the short citation title for the Order.

1. This Order may be cited as the Income Tax (Foreign Title Organisations) (ExompLion Approval) ( o. 3) Order, 1980.
2
With respect to the Credit Agreement described in tho
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AI-assisted research summary: The Banque Francaise Du Commerce Exterieur of France is approved for tax-exemption purposes for the Credit Agreement described in the Schedule.

2. With respect to the Credit Agreement described in tho Schedule hereto, the Banque Francaise Du Commerce Ex terieur of France is hereby approved for the purpose of exemp tion from tax. J\pproval of foroign organ iso.tion

Part

Schedule hereto, the Banque Francaise Du Commerce Ex

3
The income and emoluments of the foreign organisa
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AI-assisted research summary: The foreign organisation’s income and emoluments under the listed credit agreement are exempt from tax.

3. The income and emoluments of the foreign organisa tion referred to in paragraph 2 of this Order accruing w1der the Credit Agreement described in tho Schedule hereto shall be exempt from tax pursuant to paragraph 4 of the Second Schedule to the Act. Exomption from ta..x LUSAKA 18th April, 1980 [MF/LAND I/IN.351) K. s. K . .i\1US01CO'l"WANI<::, .Minister of Fin.nnce SCHEDULE (Parogrnph 2) Tho Crodit Agreemont dat-0d 21st Morch, 1080, between tho Bnnquo Frnn cai�o Du C".ommorco Extoriour of Franco and tho Ropublio of Zambia for an initial crodit up to FF500,000,000 (fivo hundrod million French Francs) which is npproximatoly ]{02,600,000 (oinoty two miUion six hund1'0CI thowmnd kwn�ha). Copiu of tl1i.8 Statutory Instrunmi.t can be obtafo,1 from IIUJ Government Printer, P.O. Bo» 30136, Lusaka. Price I On each. 114 Statufor1J Instru_m�nts. 25th April, 1980.

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Income Tax (Foreign Organisations) (Exemption Approval) (No. 3) Order, 1980

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Provisions of Income Tax (Foreign Organisations) (Exemption Approval) (No. 3) Order, 1980

Schedule hereto, the Banque Francaise Du Commerce Ex

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Provisions of Income Tax (Foreign Organisations) (Exemption Approval) (No. 3) Order, 1980

Schedule hereto, the Banque Francaise Du Commerce Ex­

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Schedule hereto, the Banque Francaise Du Commerce Ex