No. I 2018 (ii) 11 the contracting parties arc not assot~iatcd with each other within the meaning contemplated in sed ion 2.\. and have not colluded for the puqx1se of avoiding tax. h) the application of this proviso;". Amendment of section 36C of Cap. 23:06 Section 36C ("Presumptive tax") of the Income Tax Act [Chapter 23:0bl is amended by the repeal of subsection (I h). 12 New section inserted in Cap. 23:06 With effect from the year of assessment beginning on the 1st January. 20 !8. Pat1 IV of the income Tax Act (Ciwprer 23:(Xij. is amended by the insertion after section J6K of the following section- "36 L Bookmakers tax There shall be charged. levied and collected throughout Zimbabwe for the benefit of the Consolidated Revenue Fund a bookmakers tax paid by bookmakers in accordance \vith the Thirty-Sixth Schedule at the rate fixed from time to time in the Charging Act.". 13 Amendment of section 80 of Cap. 23:06 \\ ith effect from the I st January, 2018. section 80 ("Withholding of amounts payable under contracts with State or statutory corporations")( 1) of the of tht• Income Tax Act [Chapter 23 :06j is amended in the definition of "contract" hy the insertion of the following paragraph after paragraph (c)-"(d) a contract for the purchase of auction or contract tobacco in tem1s of which tobacco levy may be required to be withheld in tenus of section 36A.". 14 New section inserted after section 800 in Cap. 23:06 The Income Tax Act [Chapter 23:06) is amended by the insertion after section SOD of the following section- "8000 Virtual Tax Management System For the purposes of creating an electronic platfonn to enable the electronic recording by taxpayers of transactions that may be liable to tax under this :\ct (to be known as the Tax I\ Ianagement System), the Minister shall in regulations made under section 90 prescribe the rules to he followed by taxpayers using the Tax l\'fanagement System.". 15 Amendment of Third Schedule to Cap. 23:06 The Third Schedule ("Exemptions from Income Tax") to the Income Tax Act rchapler 23:061 is amendcd-(a) by the repeal of paragraph I(> and the substitution of-"16. \Vith effect from the IstJune, 2016, and every subsequent year of assessment. the amount of the premium paid by the Reserve Bank of Zimbabwe pursuant to the Export and Foreign Remittance Incentive scheme on receipts of earnings by exporters and ou remittances from abroad received by indi\'iduals resident in Zimbabwe. being receipts or remittances channelled through any authorised dealer in terms of the Exchange Control Act IChapter 22:05)."; 7