17 “17A Off-market share transfer instruments (1) Every person (hereinafter referred to as the “transfer secretary”) who registers the transfer of a marketable security⎯ (a) that is a listed security as defined in the Zimbabwe Stock Exchange Act [Chapter 24:18]; and (b) which is purchased or sold otherwise than through a share market or exchange; shall transmit to a revenue officer the duty payable in respect of the transfer, together with an instrument (hereinafter referred to as an “off-market share transfer instrument”) specifying the marketable security sold or purchased and the full and true sale or purchase price. (2) Upon due compliance by a transfer secretary with subsection (1), a revenue officer shall return it, duly stamped, to the transfer secretary. (3) Notwithstanding any other law to the contrary, no transfer of a marketable security referred to in subsection (1) shall be deemed to have been completed before the date on which the off-market share transfer instrument relating to the transfer is duly stamped.”. (b) in section 31 by the insertion after subsection (2) of the following subsection⎯ “(3) If, upon conviction of any person for an offence under subsection (1) or (2), it is proved that that person has been previously convicted under either of those subsections, then such person shall be liable to a fine not exceeding level fourteen, or to imprisonment for a period not exceeding the period provided in subsection (1) or (2), as the case may be, or to both such fine and such imprisonment.”. PART IV SALES TAX Amendment of Chapter IV of Finance Act [Chapter 23:04] 24 Amendment of Schedule to Chapter IV of Cap. 23:04 With effect from the 1st January, 2003, the Schedule (“Rates of Sales Tax and Tax on Imports”) to Chapter IV of the Finance Act [Chapter 23:04] is amended— (a) in Part IIB by the deletion of “fifteen per centum” and the substitution of “twentyfive per centum”; (b) by the repeal of Part IID and the substitution of— “PART IID The rate of (a) sales tax; and (b) tax on imports;