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: 
First Reading
Second Reading
Committee Stage
Third Reading