6
(i) operators of driving schools providing driving tuition—
(i) for class 4 vehicles only, one hundred and twenty thousand dollars per quarter
year;
(ii) for class 1 and 2 vehicles (whether or not in addition to providing driving tuition
for other classes of vehicles), one hundred and eighty thousand dollars per
quarter year.”.
5
Amendment of section 22E of Cap. 23:04
Section 22E (“Carbon tax”) (1) of the Finance Act [Chapter 23:04] is amended with effect
from the 1st January, 2007, by the deletion of “five dollars per litre” and the substitution of “one
hundred dollars per litre”;
6
Amendment of section 22H of Cap. 23:04
With effect from the 1st January, 2007, section 22H (“NOCZIM debt redemption levy”) of
the Finance Act [Chapter 23:04] is amended by the deletion of “twenty-five dollars per litre” and
the substitution of “sixty dollars per litre”.
7
New section inserted in Cap. 23:04
With effect from the year of assessment beginning on the 1st January, 2007, Part III of
Chapter I of the Finance Act [Chapter 23:04] is amended by the insertion after section 22H of
the following section–
"22J
Tax on non-executive directors' fees
The tax on non-executive directors' fees chargeable in terms of section 36J of the
Taxes Act shall be calculated at the rate of twenty per centum of each dollar of the fees
from which such tax is to be paid in terms of the Thirty-Third Schedule to that Act.".
8
Amendment of Schedule to Chapter I of Cap. 23:04
With effect from the year of assessment beginning on the 1st January, 2007, the Schedule
(“Credits and Rates of Income Tax”) to Chapter I of the Finance Act [Chapter 23:04] is
amended—
(a) by the repeal of Part I and the substitution of—
“PART I
CREDITS
10
Specified
amount
$
Credit for taxpayers over 59 years of age ............................................
120 000
11
Blind persons credit ............................................................................
120 000
13
Mentally or physically disabled persons credit ....................................
120 000”;
Section
Nature of credit