Income Tax (Withholding Tax) (Exemption) Regulations, 2006

3rd February, 2006 Statutory Instrum�nts 55 GOVERNMENT OF ZAMBIA STATUTORY INSTRUMENT No. 5 OF 2006 The Income Tax Act (Laws, Volume 19, Cap. 323) The Income Tax (Withholding Tax)(Exemption) Regulations, 2006 IN EXERCISE of the powers contained in section eighty-one B of the Income Tax Act, the following Regulations are hereby made: I. (I) These Regulations niay be cited as the Income Tax Title and (Withholding Tax)(Exemption) Regulations, 2006. commencement (2) TheseRegulationsshallcomeintooperationon lstApril,2006. 2. Where goods or services of a value not exceeding two hundred thousand K wacha are supplied by a person who does not have a tax clearance certificate such goods or services shall not be subject to withholding tax under section eighty-one B: Exemption of goods or services from withholding tax Provided that the exemption from withholding tax referred to in this paragraph shall be effected per transaction where the value of goods or services does not exceed two hundred thousand Kwacha. LUSAKA 2nd February, 2006 [MFB.103/12/J] N. P. MAGANDE, Minister of Finance and National Planning Copies of this Statutory Instmment can be obtained from the Government Printer, P.O. Box30136, Lusaka. Price K500 each 56 Statutory Instruments 3rd February, 2006