IT is hereby notified that the Minister of Finance and Economic Development has, in terms of section 14 as read with the Third Schedule, paragraph 2(j) to the Income Tax Act [Chapter 23:06], made the following notice:—
1. This notice may be cited as the Income Tax (Exemption from Income Tax) (Traffic Safety Council of Zimbabwe) Notice, 2020.
2. In line with the provisions outlined in the Third Schedule, paragraph 2(j) to the Income Tax Act [Chapter 23:06], the receipts and accruals of the Traffic Safety Council of Zimbabwe shall be deemed to have been approved as being exempted from income tax with effect from the 1st of January 2019.
