No.9
Fnvarucs (It{o. 2)
20ls
to offset the amount of the refund due to a person against any liability of
that person to the Commissioner-General for outstanding tax, whether
that tax is imposed under the same Act by virtue of which the refund is
to be made or is imposed under any other Scheduled Act.".
PARTVII
Mwes arln MNSRALs
Amendments to Chapter VII of Finance Act lChapter 23:041
12
Amendment of Schedule to Chapter Vll of Cap. 23:04
With effect from the I st October, 20 I 4, the Schedu le to Chapter Vtr of the Finance
Act fChapter 2j:04] is amended by the repeal in paragraph 1 (which fixes the rates
of royalties for the purposes of section 245 of the Mines and Minerals Act lChapter
2I:05D of the item on gold produced by miners other than small-scale gold miners,
and the substitution of the following item-
"Gold produced by other miners who have not realised any increment in their
output in the current year of assessment compared to the output as at the end
of the preceding year of assessment
5
Gold produced by other miners who have realised any increment in their
output in the current year of assessment compared to the output as at the
end of the preceding year of assessment (for the purpose of this item, royalty
shall be paid at the rate of 5Vo and the reduction in the rate due to the
increment found to have been archived at the end of the current year of
assessment shall be offset against the royalty payable for the following
year of
assessment)
. 3 (on
the incremental
or additional
output only):".
Arnendment to Mines and Minerals Act lChttpter 2l:051
13 New section substituted
for section 249 of Cap. 21 :05
Section 249 of the Mines and Minerals Act [Chapter 21:a5] is repealed and
substituted
bv-
"249 Exernption of royalty in certain circurnstances
If any rniner-
(a)
desires to extract or treat ore frorn his or her location for
experimental or sirnilar puqposes, he or she may apply to the
Secretary for permission to treat or deal with the mineral or
mineral-bearing product obtained from his orher location for
a limitecl period or up to a lirnited aurount, and the Secretary
rnay permit such treatment or dealing without payment of
royalty under such terms and conditions as may by the
Secretary be deemed expedient Part VI;
(b)
of diamoncls or other precious stones
(i)
-
ill:::":::, ;*il.:fl:HH:,:'n'[rre
194
Minis'fer
Select target paragraph3
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