201s Irw*rNce (No. 2) (l) No.9 (5) Everyperson whoengages in atransaction to which subsection or (4) applies shall keep the documentation prescribed in the Thirty- Fifth Schedule to enable the Commissioner-General to ascertain whether a transaction was conductedin arcordance withthe arm's length principle. (6) The Minister, after consultation with the Commissioner_ General, may by notice in a statutory instrument amend or replace the Thirty-Fifth Schedule. (7) When the Minister wi shes to amend or repl ace the Thirty-Fifth Schedule the Minister shall lay *re draft statutory instrument amending or replacing the Thirty-Fifth Schedule before the House of Assembly, and if the House makes no resolution against the publication of the statutory instrument within the next seven sitting days after it is so laid before the House, the Minister shall cause it to be published inthe Gazette.,,. 5 Amendment of Third Schedule to Cap. 23:06 The Third Schedule ("Exemptions from Income Tax") to the Income Tax Act lChapter 23 :061 is amended- (a) in paragraph I with effect from the lst January, 2016, by the insertion of the following subparagraph after subparagraph "(0 (b) (c) (e)- the wholly owned company of the Reserve Bank of Zimbabwe called the Zimbabwe Asset Management Corporation (private) Limited (ZAMCO), incorporated in terms of the Companies Act lChapter 24:031on the 15th July, 2A14."; in paragraph 4 (p) by the deletion of "under a scheme approved by the Minister responsible for Labour or the Public Service"; in paragraph 6 by the insertion of the following subparagraph afrer subparagraph (h) - "(h1) an mount referred to in section 8(1Xr) that is received by a person who has not attained the age of fifty-five years before the commencement of the year of assessment, to the extent of the first ten thousand United States dollar.s or one third of such amount, whichever is the greater, of the amount of any pension commutation or annuity, which is paid to an employee on the cessation of his or her employment, where his or her employment has ceased due to retrenchment: Provided that the exemption in this subparagraph shall apply only in respect of the first sixty thousand United States dollars of any deemed pension or annuity payable to him or her in any one year of assessment."; (d) in paragraph 10 by the insertion of the following (q)- "(r) 6 paragraph after paragraph deposits with a tenure of more than twelve months.". New Schedule inserted in Cap.23:06 with effect from the lst January, 2016, the Income Tax Act [chapter 23:06] is amended by the insertion of the following Schedule183