Section 9: Amendment of section 122 of principal Act

Act 4 Income Tax (Amendment) Act 2008 THE INCOME TAX (AMENDMENT) ACT, 2008 An Act to amend the Income Tax Act to provide for the exemption of the income of airlines and the income of a person derived from the exportation of finished consumer and capital goods for a period of ten years from taxation; the deduction of a debt incurred in respect of loans to the agricultural sector; the tax payable by a non resident person carrying on the business of transmitting messages by cable, radio, optical fibre or satellite communication, or from providing direct-to-home pay television services to subscribers in Uganda to be a final tax; to make the tax withheld on a payment of interest on Government securities other than on treasury bills by the Bank of Uganda to any person or by a financial institution to a resident individual to be a final tax and for related matters. DATE OF ASSENT: 17th June, 2008. Date of Commencement: 1st July, 2008. BE IT ENACTED by Parliament as follows: