Section 61: (a) Subject to sub-item (b), 80 per cent of
This section is inserted by Act No 11 of 2024, 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.
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Questions this section answers
- Is 80 per cent of a Payment Intermediary Services licence holder's income exempt from tax?