Section 62: (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.
62. (a) Subject to sub-item (b), 80 per cent of income
derived by a company holding a Robotic and
Artificial Intelligence Enabled Advisory Services
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.
(n) in the Third Schedule, in Part I, by adding the following new
paragraph –
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Questions this section answers
- Is 80 per cent of a Robotic and Artificial Intelligence Advisory Services company's income exempt from tax?