Section 36: Income derived from the exploitation
This section is inserted by Act No 10 of 2017, section 26.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
36. Income derived from the exploitation
and use of deep ocean water for providing air
conditioning installations, facilities and services
by a company for a period of 8 income years.
(zq) by repealing the Third Schedule and replacing it by the
Third Schedule set out in the Seventh Schedule to this Act;
230 Acts 2017
(zr) by adding the Eleventh Schedule set out in the Eighth Schedule
to this Act;
(zs) by adding the Twelfth Schedule set out in the Ninth Schedule
to this Act.
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Questions this section answers
- Is a company's income from deep ocean water air conditioning exempt from tax for 8 years?