Section 19, The Supplementaryappropiation Act, 2022

Section 115 of the Income Tax Act 2000 is amended insubsection (3) by inserting the following new paragraphs immediately after paragraph (b) "(c) A taxpayer upon filing of annual income tax returns on the due date, shall be entitled to utilise over a period of time any tax credit established and agreed by the Commissioner-General under a utilisation plan". "(d) A taxpayer who undertakes a Corporate Social Responsibility (CSR) in the normal course of business as complimentary activity in support of government in the following priority areas shall be allowed a 25 percent tax credit on such expenditure in the year of assessment- (i) free and quality school education; (ii) children welfare; (iii) natural disasters and disease outbreaks; (iv) maternal child health (v) agriculture (food and cash crop production, fisheries and animal husbandry) and agri-business (vi) Water and Sanitation.