Section 46: (a) S ubject to sub-item (b),
This section is inserted by Act No 13 of 2019, 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.
46. (a) S ubject to sub-item (b),
80 per cent of income derived
by a company from the sale,
financing arrangement, asset
management of aircraft and
its spare parts and aviation
advisory services related
thereto.
(b) The exemption under
sub-item (a) shall be granted
provided the company
satisfies such conditions as
may be prescribed relating to
the substance of its activities.
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Questions this section answers
- Is 80 per cent of a company's income from aircraft leasing and financing exempt from tax?