Income Tax (Foreign Organisations) (Exemption Approval) (No. 8) Order, 1985

1. This Order may be cited as the Income Tax (Foreign Organisations) (Exemption Approval) (No. 8) Order, 1985. Title

2. With respect to the Agreement described in the Schedule hereto, the Equator Bank Limited and various other banks therein mentioned as signatories thereto are hereby approved for the purpose of exemption from tax. Approval of foreign organisations

3. The income and emoluments of the foreign organisations approved in paragraph 2 of this Order accruing under the Agreement described in the Schedule hereto, shall be exempt from tax pursuant to sub-paragraph (c) of paragraph 4 of Part II of the Second Schedule to the Act. Exemption from tax LUSAKA 6th February, 1985 [MF/LAND I/IN.549] L. J. MWANANSHIKU, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREEMENT The Refinancing Credit Agreement dated the 11th December, 1984, between Bank of Zambia (as Borrower) and Equator Bank Limited (as Lender) facili­ tating the refinancing of three loans covered by medium term agreements therein listed and involving a sum in the aggregate principal amount of eleven million United States dollars (US Sll,000,000) which is about twenty-four million kwacha (K24,000,000). Oopies of this Statutory Instrument can be obtained from the Government Printer, P.O. Box 30136, Lusaka. Price 20n each. ,56 Statutor y Instruments 8th·February, 198�