Section 62: (a) Subject to sub-item (b), 80 per cent
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.
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 Enabled Advisory Services licence holder's income exempt from tax?