(i) operators of driving schools providing driving tuition—
(i) for class 4 vehicles only, one hundred and fifty million dollars per quarter;
(ii) for class 1 and 2 vehicles (whether or not in addition to providing driving
tuition for other classes of vehicles), two hundred million dollars per
quarter;
or
(j) operators of hairdressing salons, fifty million dollars per quarter; or
(k) informal cross-border traders, ten per centum of the value for duty purposes of
the commercial goods being imported by the traders concerned.”.
5
Amendment of section 22E of Cap. 23:04
With effect from the 1st January, 2008, section 22E (“Carbon tax”) (1) of the Finance Act
[Chapter 23:04] is amended by the deletion of “five thousand dollars per litre” and the
substitution of “one hundred thousand dollars per litre”.
6
Amendment of Schedule to Chapter I of Cap. 23:04
With effect from the year of assessment beginning on the 1st January, 2007, the Schedule
(“Credits and Rates of Income Tax”) to Chapter I of the Finance Act [Chapter 23:04] is
amended—
(a) by the repeal of Part I and the substitution of—
“PART I
CREDITS
10
Specified
Nature of credit
amount
$
Credit for taxpayers over 55 years of age ............................................
300 000 000
11
Blind persons credit ............................................................................
300 000 000
13
Mentally or physically disabled persons credit ....................................
300 000 000
Section
(b) in Part II by the deletion of the items relating to the level of taxable income and the
substitution of—
14(2)(a)(i)
Specified
percentage
Level of taxable income
%
Up to $360 000 000 .............................................................................
0
14(2)(a)(ii)
$360 000 001 to $960 000 000 ...........................................................25
14(2)(a)(iii)
$$960 000 001 to $2 220 000 000 ......................................................30
14(2)(a)(iv)
$2 220 000 001 to $3 480 000 000 .....................................................35
14(2)(a)(v)
$3 480 000 001 to $4 740 000 000 .....................................................40
“Section