Section 47: (a) Subject 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.
47. (a) Subject to sub-item (b),
income derived by a
company set up on or before
30 June 2025 and issued with
an e-Commerce certificate by
the Economic Development
Board provided that –
(i) the income is derived
from the operation
of the e-Commerce
platform; and
340 Acts 2019
(ii) the company satisfies
such conditions as may
be prescribed relating
to the substance of its
activities.
(b) The exemption under
sub-item (a) shall be for
a period of 5 succeeding
income years as from the
income year in which the
activities referred to in
sub-item (a) started.
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Questions this section answers
- Is income from an e-Commerce platform exempt from tax, and for how many years?