Income Tax (Turnover Tax) (Amendment) Regulations, 2014

1. (1) These Regulations may be cited as the Income Tax (Turnover Tax) Regulations, 2014, and shall be read as one with the Income Tax (Turnover Tax) Regulations, 2009, in these Regulations referred to as the principal Regulations. Title and commence- ment SI No. 47 of 2009 (2) These Regulations shall come into operation on 1st January, 2015.

2. The principal Regulations are amended in regulation 2 by the deletion of the definition of “turnover” and the substitution therefor of the following: Amendment of regulation 2 “ turnover ” includes gross earnings, income, revenue, takings, yield or proceeds, but does not include interest, rental income, royalties or dividends.

3. (1) The principal Regulations are amended in regulation 7 by the deletion of sub-regulations (2) and (3) and the substitution therefor of the following: Amendment of regulation 7 (2) A return of turnover for purposes of sub-regulation (1) may be submitted manually within five days from the end of the income tax month to which it relates. Copies of this Statutory Instrument can be obtained from the Government Printer, P.O. Box 30136, 10101, Lusaka, Price K2.00 each 194 Statutory Instruments 31st December, 2014 (3) An electronic return shall be lodged within fourteen days from the end of the income tax month to which it relates. LUSAKA 31st December, 2014 [MFB.64/9/2C] A. B. CHIKWANDA, Minister of Finance