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The Income Tax (Amendment) Bill , 2017
Parliamentary Period:
Second Session of the Twelfth Assembly
The object of the Bill is to amend the Income Tax Act so as to--
(a) revise the defination of Tax Payer Identification Number;
(b) remove the K3,060 annual allowable pension contribution;
(c) revise the penaltiees for the late submission of a turnover tax return;
(d) provide the due date for the the submission of provisional tax return for a business that registers after the 31st March
(e) increase base tax from k150 per year to k 365 per year;
(f) revise the due date on the payment of the withholding tax;
(g) increase the presumptive tax payable by public passenger service vehicles; and
(h) to provide for the matters connected with, or incidental, to the foregoing.
Bill Stage:
Presentation
First Reading
Second Reading
Committee Stage
Third Reading