Section 4: Section 2 of the Income Tax Act 2000 is amended by–

(a) deleting the definition of "gross income" and inserting the following new definition - "gross income" in relation to any year of assessment for any person means the total amount in cash or otherwise, received by or accrued to or in favour of such person from all sources during the year or period of assessment excluding receipts and accruals of a capital nature. (b) deleting the definition of large taxpayer and inserting the following new definition- "large tax payer " means a taxpayer with an annual turnover of above Le5,000,000,000.00 or other additional requirements as may be prescribed by the Commissioner-General (c) deleting the definition of medium taxpayer and inserting the following new definition - "medium taxpayer" means a taxpayer with an annual turnover of an amount above Le100,000,000.00 and up to Le5,000,000,000.00 (d) deleting the definition of small taxpayer and inserting the following new definition - "small taxpayer" means a taxpayer with an annual turnover above Le10,000,000.00 and an amount up to Le100,000,000.00;" (e) deleting the definition of micro taxpayer and inserting the following new definition - "micro taxpayer" means a taxpayer with an annual turnover less than Le10,000,000.00." 5 . Section 100 of the Income Tax Act 2000 is amended by repealing and replacing subsection (1) with the following new subsection– "(1) Upon application in writing by a taxpayer who files tax returns by the due date, the Commissioner-General may extend the period within which the return of income is to be made by a maximum period of sixty days upon payment of the following fees– (a) large taxpayer -le20,000,000; (b) medium taxpayer -Le10,000,000; and (c) small taxpayer -Le1,000,000"