9 10 Amendment of section 16 of Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2004, section 16 (“Cases in which no deduction shall be made”) of the Income Tax Act [Chapter 23:06] is amended in subsection (1)— (a) by the deletion from paragraph (q) of “from mining operations”; (b) in paragraph (r)— (i) by the deletion of “in relation to mining operations incurred on general administration and management by a local branch or subsidiary of a foreign company engaging in local mining operations” and the substitution of “incurred on general administration and management in favour of a company of which the taxpayer is the subsidiary or holding company or (where the company is a foreign company) the local branch”; (ii) in subparagraph (i) by the deletion of “the commencement of production” and the substitution of “the commencement of trade or the production of income”; (iii) in subparagraph (ii) by the deletion of “the commencement of production” and the substitution of “the commencement of trade or the production of income”. 11 Amendment of section 26 of Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2004, section 26 (“Non-resident shareholders’ tax”) of the Income Tax Act [Chapter 23:06] is amended in subsection (2) by the deletion of “engaging in local mining operations”. 12 Amendment of section 28 of Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2004, section 28 (“Resident shareholders’ tax”) of the Income Tax Act [Chapter 23:06] is amended in subsection (2) by the deletion of “engaging in local mining operations”. 13 New section inserted in Cap. 23:06 With effect from the year of assessment beginning on the 1st December, 2003, Part IV of the Income Tax Act [Chapter 23:06] is amended by the insertion after section 36G of the following section— “36H NOCZIM debt redemption levy (1) There shall be charged, levied and collected throughout Zimbabwe for the benefit of the NOCZIM Debt Redemption Sinking Fund a NOCZIM debt redemption levy in accordance with the Thirty-First Schedule at the rate fixed from time to time in the Charging Act. (2) This section and the Thirty-First Schedule, and section 22 H of the Charging Act, shall lapse on the date when the debts for which the NOCZIM Debt Redemption Sinking Fund was established have been repaid in full.”.