21 24 Amendment of Fifth Schedule to Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2007, the Fifth Schedule ("Allowances and Deductions in respect of Income from Mining Operations and Other Provisions relating thereto") to the Income Tax Act [Chapter 23:06] is amended in paragraph 1, in the definition of "capital expenditure" in subparagraph (1)(a)(i)B(i)– (a) in subparagraph VIII by the insertion after "1st January, 2003" of ", but before the 1st January, 2007"; (b) by the insertion after subparagraph VIII of the following subparagraph– " or IX. ten million dollars shall be disregarded, where the vehicle was purchased on or after the 1st January, 2007.". 25 Amendment of Sixth Schedule to Cap. 23:06 With effect from the year of assessment beginning on the 1st January, 2007, the Sixth Schedule (“Deductions in Respect of Contributions to Benefit and Pension Funds and the Consolidated Revenue Fund”) to the Income Tax Act [Chapter 23:06] is amended— (a) in paragraph 10 by the repeal of subparagraph (b) and the substitution of— “(b) nine hundred thousand dollars;”; (b) in paragraph 14— (i) in subparagraph (a) by the deletion of “seventy-two thousand dollars” and the substitution of “nine hundred thousand dollars”; (ii) in subparagraph (b) by the deletion of “seventy-two thousand dollars” wherever it occurs and the substitution of “nine hundred thousand dollars”; (c) in paragraph 15 by the repeal of subparagraph (b) and the substitution of— “(b) nine hundred thousand dollars;”; (d) in paragraph 16 by the repeal of subparagraph (b) and the substitution of— “(b) nine hundred thousand dollars;”; (e) in paragraph 17(2)— (i) in subparagraph (a) by the deletion of “hundred and forty-four thousand dollars” and the substitution of “seven hundred and twenty thousand dollars”; (ii) in subparagraph (b)— A. by the deletion of “hundred and forty-four thousand dollars” and the substitution of “nine hundred thousand dollars”; B. in subparagraph (ii)A by the deletion of “thirty-six thousand dollars” and the substitution of “four hundred and fifty thousand dollars”; C. in the proviso by the repeal of paragraph (b) and the substitution of— “(b) nine hundred thousand dollars;”;