Section 61: (a) Subject to sub-item (b), 80 per cent of income
This section is inserted by Finance (Miscellaneous Provisions) Act, section 41.
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.
61. (a) Subject to sub-item (b), 80 per cent of income
derived by a company holder of a Payment
Intermediary Services (PIS) licence issued by
the Financial Services Commission established
under the Financial Services Act.
(b) The exemption under sub-item (a) shall be
granted provided the company satisfies the
conditions relating to the substance of its
activities, as may be prescribed.
Ask juris about this section Official source
Questions this section answers
- Is 80 per cent of a Payment Intermediary Services company's income exempt from tax?