(b) in paragraph 14—
(i) in subparagraph (a) by the deletion of “one hundred and forty-four thousand
dollars” and the substitution of “eleven million five hundred thousand dollars”;
(ii) in subparagraph (b) by the deletion of “nine hundred thousand dollars” wherever
it occurs and the substitution of “eleven million five hundred thousand dollars”;
(c) in paragraph 15 by the repeal of subparagraph (b) and the substitution of—
“(b) eleven million five hundred thousand dollars;”;
(d) in paragraph 16 by the repeal of subparagraph (b) and the substitution of—
“(b) eleven million five hundred thousand dollars;”;
(e) in paragraph 17(2)—
(i) in subparagraph (a) by the deletion of “nine hundred thousand dollars” and the
substitution of “eleven million five hundred thousand dollars”;
(ii) in subparagraph (b)—
A. by the deletion of “nine hundred thousand dollars” and the substitution of
“eleven million five hundred thousand dollars”;
B. in subparagraph (ii)A by the deletion of “four hundred and fifty thousand
dollars” and the substitution of “five million seven hundred and fifty
thousand dollars”;
C. in the proviso by the repeal of paragraph (b) and the substitution of—
“(b) eleven million five hundred thousand dollars;”;
(f) in paragraph 18(2)—
(i) by the deletion of “nine hundred thousand dollars” and the substitution of
“eleven million five hundred thousand dollars”;
(ii) in the proviso by the repeal of paragraph (b) and the substitution of—
“(b) five million seven hundred and fifty thousand dollars;”.
15
Amendment of Twenty-First Schedule to Cap. 23:06
With effect from the 1st January, 2008, the Twenty-First Schedule (“Residents’ Tax on
Interest”) to the Income Tax Act [Chapter 23:06] is amended in paragraph 1(1) in the definition
of “interest” by the insertion after subparagraph (viii) of the following subparagraph⎯
“(ix) interest on the amount payable by the Reserve Bank of Zimbabwe for the export
proceeds of a business organisation engaging in the export of goods and services upon
the acquittance by that organisation of the export documentation relating to that
amount;”.
16
Amendment of Twenty-Sixth Schedule to Cap. 23:06
With effect from the 1st January, 2008, the Twenty-Sixth Schedule (“Presumptive Tax”) to
the Income Tax Act [Chapter 23:06] is amended—