19 “(d) prescribing the fee payable in respect of an application for an advance tax ruling in terms of section 37B, or for registration as a registered user of a computer system established in terms of section 80D, or for any other service in respect of which a fee may be prescribed in terms of this Act.”. 21 New section inserted after section 97B of Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2007, the Income Tax Act [Chapter 23:06] is amended by the insertion of the following section after section 97B of the following section "97C Credit where tax on non-executive directors' fees has been withheld If any non-executive director as defined in the Thirty-Third Schedule proves to the satisfaction of the Commissioner-General that tax has been withheld from his fees in terms of that Schedule during the year of assessment and paid in accordance with that Schedule, such tax shall be allowed as a credit against income tax chargeable in terms of this Act in respect of those fees, and the income tax so chargeable shall be reduced accordingly and any excess refunded.". 22 Amendment of Third Schedule to Cap. 23:06 (1) The Third Schedule (“Exemptions from Income Tax”) to the Income Tax Act [Chapter 23:06] is amended— (a) in paragraph 4— (i) with effect from the 1st November, 2006, by the deletion in subparagraph (o) of “twenty thousand dollars” and the substitution of “one hundred thousand dollars”; (ii) with effect from the 1st December, 2006, in subparagraph (p)— A. by the deletion of “one million dollars” and the substitution of “twentyfive million dollars”; B. in the proviso by the deletion of “four million five hundred thousand dollars” and the substitution of “one hundred million dollars”; (iii) with effect from the year of assessment beginning on the 1st January, 2007, by the deletion in subparagraph (v) of “one hundred and forty-four thousand dollars” and the substitution of “one million three hundred and forty-four thousand dollars”; (b) in paragraph 10(1), with effect from the year of assessment beginning on the 1st January, 2007— (i) by the deletion in subparagraph (n) of “one hundred and forty-four thousand dollars” and the substitution of “one million three hundred and forty-four thousand dollars”;