CHAPTER 356 - TAX RESERVE CERTIFICATES ACT: SUBSIDIARY LEGISLATION
INDEX TO SUBSIDIARY LEGISLATION
[Re-denominate the currency as stipulated under S 4 of Re-denomination Act, 8 of 2012, read with Bank of Zambia Act, 43 of 1996.]
Arrangement of Regulations
3. Denomination of certificates
4. Value of certificates held to be limited to one million kwacha
5. Applications for certificates
6. Procedure on receipt of application
8. One month to elapse before certificate valid for payment of tax
9. Disposal of balance remaining after payment of tax
10. Certificate to mature two years after date of issue
11. Certificate not transferable
12. Save as provided in regulations 13 and 14, certificate to be accepted solely in payment of tax
13. In certain circumstances, certificate may be accepted otherwise than in payment of tax
14. Special circumstances in which certificate may be accepted for an amount equal to its face value, plus interest
15. Loss, destruction or defacement of certificate
Act 57 of 1964,
GN 314 of 1963,
SI 157 of 1976,
SI 39 of 1980.
[Regulations by the Minister]
These Regulations may be cited as the Tax Reserve Certificates Regulations.
In these Regulations, unless the context otherwise requires—
"authorised officer" means an officer authorised by the Minister for the purposes of these Regulations;
"certificate" means a tax reserve certificate issued under subsection (1) of section 2 of the Act;
"holder", in relation to a certificate, means the person specified thereon as being the holder of the certificate;
"surrendered" means surrendered to an authorised officer for the payment of tax or under regulation 13 or 14;
"tax" means any direct tax specified by the Minister by statutory notice under subsection (2) of section 2 of the Act.
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