Income Tax (Amendment) (No. 2) Act, 2021 (Act 1071)

ARRANGEMENT OF SECTIONS

1. First Schedule to Act 896 amended

2. Second Schedule to Act 896 amended

3. Sixth Schedule to Act 896 amended

LONG TITLE

AN ACT to amend the Income Tax Act, 2015 (Act 896) to review the rates of income tax for individuals; to reduce the withholding tax rate for sale of unprocessed gold by small scale miners; to increase the threshold for an individual to whom the presumptive tax under the Modified Taxation Scheme applies; to extend the COVID-19 concessions granted in 2021 for further six months in 2022 and to provide for related matters.

DATE OF ASSENT

30th December, 2021.

ACT

1. The Income Tax Act, 2015 (Act 896) referred to in this Act as the "principal enactment", is amended in the First Schedule (a) by the substitution for the table in paragraph 1 (1), of