Section 1, The Finance Act, 2016

Section 2 of the Income Tax Act, 2000 is amended byinserting in the appropriate alphabetical position, the following new definitions– “branch” means a place where a person carries on business and includes- (a) a place where a person is carrying on business through an agent, other than a general agent of independent status acting in the ordinary course of business as such; (b) a place where a person has, is using or is installing substantial equipment or substantial machinery; or (c) a place where a person is engaged in a construction, assembly or installation project for a period of more than six months; “compliance certificate” means a certificate prescribed by the Commissioner-General under subsection (1) of section 174A; “micro taxpayer” means a taxpayer whose annual turnover is between Le10,000,000 and Le 90,000,000; “small taxpayer”means a taxpayer whose annual turnover is between Le 90,000,001 and Le 350,000,000; “small and micro taxpayer” means a taxpayer who is either a micro or a small taxpayer;”